Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Shares Shorted: Short Interest Up 245.1% in October

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 91,601 shares, a growth of 245.1% from the October 15th total of 26,544 shares. Based on an average trading volume of 86,208 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

A number of hedge funds have recently bought and sold shares of the company. Principia Wealth Advisory LLC lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock valued at $422,000 after acquiring an additional 330 shares during the period. NBH Bank purchased a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter valued at about $71,000. Blue Bell Private Wealth Management LLC bought a new position in Horizon Kinetics Inflation Beneficiaries ETF in the third quarter worth approximately $93,000. Longview Financial Advisors Inc. boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after acquiring an additional 10,049 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after acquiring an additional 38,447 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 1.1%

NYSEARCA:INFL traded down $0.55 on Thursday, reaching $50.64. 208,933 shares of the stock traded hands, compared to its average volume of 231,793. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2,195.25 and a beta of 0.69. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $42.22 and a 12 month high of $56.28. The company’s fifty day simple moving average is $51.85 and its 200 day simple moving average is $51.90.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The business also recently declared 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 drop 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%.

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.