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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 16,039 shares, a decrease of 81.7% from the September 15th total of 87,537 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 107,379 shares, the days-to-cover ratio is currently 0.1 days.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.7%

INFL opened at $51.57 on Friday. The company has a fifty day moving average price of $53.20 and a two-hundred day moving average price of $52.15. Horizon Kinetics Inflation Beneficiaries ETF has a 1-year low of $42.22 and a 1-year high of $56.28. The company has a market cap of $1.56 billion, a P/E ratio of -2,235.56 and a beta of 0.71.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The firm also recently disclosed 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 is a decrease from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is -1,734.00%.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principia Wealth Advisory LLC increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after buying an additional 330 shares during the last quarter. NBH Bank purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at about $71,000. Longview Financial Advisors Inc. grew its position 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 valued at $9,340,000 after acquiring an additional 10,049 shares during the period. Finally, Bank of New York Mellon Corp grew its position 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 valued at $22,585,000 after acquiring an additional 38,447 shares during the period.

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.