Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Decreases By 81.3%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 14,093 shares, a decline of 81.3% from the April 30th total of 75,412 shares. Based on an average daily volume of 482,143 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

INFL stock traded down $0.18 during trading on Friday, hitting $52.05. The stock had a trading volume of 136,533 shares, compared to its average volume of 316,457. The company’s 50 day moving average price is $52.65 and its two-hundred day moving average price is $49.49. Horizon Kinetics Inflation Beneficiaries ETF has a 1-year low of $40.94 and a 1-year high of $55.17. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -2,256.37 and a beta of 0.70.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in 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 buying an additional 38,447 shares during the period. Janney Montgomery Scott LLC grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after buying an additional 12,300 shares during the period. Captrust Financial Advisors grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock valued at $12,260,000 after buying an additional 11,460 shares during the period. Longview Financial Advisors Inc. grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.5% in the 1st quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after buying an additional 4,295 shares during the period. Finally, IFP Advisors Inc grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 0.3% in the 3rd quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock valued at $4,953,000 after buying an additional 375 shares during the period.

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.