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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFLGet 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

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

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

(Get Free Report)

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.

Further Reading

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