Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Large Increase in Short Interest

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 56,310 shares, a growth of 629.9% from the June 15th total of 7,715 shares. Based on an average daily volume of 240,441 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

NYSEARCA:INFL traded down $0.16 during trading hours on Friday, reaching $50.01. The stock had a trading volume of 53,179 shares, compared to its average volume of 308,083. The stock has a market cap of $1.47 billion, a P/E ratio of -2,167.94 and a beta of 0.69. The stock has a 50 day simple moving average of $51.29 and a 200 day simple moving average of $50.76. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $40.94 and a 12-month high of $55.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after purchasing an additional 38,447 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after purchasing an additional 12,300 shares during the last quarter. Captrust Financial Advisors lifted its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock valued at $12,260,000 after purchasing an additional 11,460 shares during the last quarter. Longview Financial Advisors Inc. lifted its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the second quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after purchasing an additional 10,049 shares during the last quarter. Finally, Waterloo Capital L.P. grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock worth $4,448,000 after buying an additional 1,845 shares in the last quarter.

About Horizon Kinetics Inflation Beneficiaries ETF

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.