Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Large Growth in Short Interest

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 82,089 shares, an increase of 574.1% from the November 30th total of 12,178 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 74,681 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 74,681 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock valued at $201,379,000 after purchasing an additional 628,255 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 10.5% in the second quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock worth $11,793,000 after buying an additional 26,550 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.2% during the third quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock valued at $11,812,000 after buying an additional 3,042 shares during the last quarter. Lowe Wealth Advisors LLC increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.3% during the third quarter. Lowe Wealth Advisors LLC now owns 250,770 shares of the company’s stock valued at $11,208,000 after acquiring an additional 5,652 shares in the last quarter. Finally, Longview Financial Advisors Inc. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.1% during the third quarter. Longview Financial Advisors Inc. now owns 167,710 shares of the company’s stock valued at $7,496,000 after acquiring an additional 1,892 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.1%

Shares of INFL stock traded up $0.06 during trading hours on Wednesday, hitting $44.95. 39,150 shares of the company’s stock traded hands, compared to its average volume of 127,318. The stock’s fifty day simple moving average is $44.00 and its two-hundred day simple moving average is $43.19. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $35.08 and a 12-month high of $45.78. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -1,948.59 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd will be issued a $0.102 dividend. This represents a $0.41 annualized dividend and a yield of 0.9%. This is a positive change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is presently -2,904.46%.

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.