Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Short Interest Up 156.3% in February

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 116,654 shares, an increase of 156.3% from the February 12th total of 45,519 shares. Based on an average daily trading volume, of 271,801 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 271,801 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Leavell Investment Management Inc. raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 32.3% in the third quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock worth $2,017,000 after buying an additional 11,020 shares in the last quarter. Waterloo Capital L.P. purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth about $4,023,000. JPMorgan Chase & Co. increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock worth $201,379,000 after acquiring an additional 628,255 shares during the last quarter. LM Advisors LLC bought a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth about $298,000. Finally, Copia Wealth Management raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the 3rd quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock valued at $697,000 after acquiring an additional 3,117 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.2%

Shares of INFL stock traded up $0.12 during trading hours on Wednesday, reaching $53.00. The stock had a trading volume of 137,353 shares, compared to its average volume of 341,450. The stock’s fifty day simple moving average is $49.82 and its 200 day simple moving average is $46.02. The firm has a market capitalization of $1.58 billion, a PE ratio of -2,297.56 and a beta of 0.79. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $35.08 and a 12 month high of $55.17.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were issued a $0.102 dividend. This represents a $0.41 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change 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%.

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.