Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 278,342 shares, an increase of 577.8% from the December 31st total of 41,067 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 241,711 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 241,711 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.9% of the company’s shares are sold short.
Horizon Kinetics Inflation Beneficiaries ETF Price Performance
Shares of INFL traded up $0.03 during mid-day trading on Thursday, reaching $51.00. The stock had a trading volume of 215,615 shares, compared to its average volume of 286,738. Horizon Kinetics Inflation Beneficiaries ETF has a 52-week low of $35.08 and a 52-week high of $51.82. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -2,210.85 and a beta of 0.79. The business’s fifty day moving average is $45.55 and its 200 day moving average is $44.02.
Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.102 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase 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%.
Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF
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.
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