Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Short Interest Update

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 278,342 shares, a growth of 577.8% from the December 31st total of 41,067 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 241,711 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 241,711 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the company’s stock are short sold.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.6%

Shares of NYSEARCA:INFL traded up $0.78 during midday trading on Wednesday, reaching $50.97. 144,727 shares of the company were exchanged, compared to its average volume of 290,674. The firm has a market cap of $1.51 billion, a PE ratio of -2,209.55 and a beta of 0.79. Horizon Kinetics Inflation Beneficiaries ETF has a fifty-two week low of $35.08 and a fifty-two week high of $50.97. The stock has a fifty day simple moving average of $45.55 and a two-hundred day simple moving average of $44.02.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were given a $0.102 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.41 dividend on an annualized basis and a yield of 0.8%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is -2,427.61%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds have recently made changes to their positions in the business. Private Trust Co. NA boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 801.0% during the second quarter. Private Trust Co. NA now owns 865 shares of the company’s stock worth $36,000 after purchasing an additional 769 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth about $60,000. Ameriflex Group Inc. grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after acquiring an additional 3,698 shares in the last quarter. LM Advisors LLC acquired a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at about $298,000. Finally, NewEdge Advisors LLC raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after acquiring an additional 1,028 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.