Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Stock Short Interest Climbs 65.5%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 26,544 shares, a growth of 65.5% from the September 30th total of 16,039 shares. Based on an average trading volume of 130,476 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of NYSEARCA INFL opened at $51.24 on Monday. The business has a fifty day simple moving average of $52.70 and a 200 day simple moving average of $51.83. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -2,221.26 and a beta of 0.71. Horizon Kinetics Inflation Beneficiaries ETF has a one year low of $42.22 and a one year high of $56.28.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.0893 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a negative change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is -1,734.00%.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Institutional investors have recently made changes to their positions in the business. Longview Financial Advisors Inc. boosted its holdings 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock valued at $22,585,000 after purchasing an additional 38,447 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter worth approximately $93,000. Principia Wealth Advisory LLC raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after buying an additional 330 shares in the last quarter. Finally, NBH Bank bought a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $71,000.

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.