Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Shares Shorted: Short Interest Up 245.1% in October

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 91,601 shares, an increase of 245.1% from the October 15th total of 26,544 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 86,208 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors have recently added to or reduced their stakes in INFL. Longview Financial Advisors Inc. raised its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after buying an additional 10,049 shares in the last quarter. Bank of New York Mellon Corp lifted 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 worth $22,585,000 after buying an additional 38,447 shares during the period. Smith Moore & CO. acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter valued at $696,000. Blue Bell Private Wealth Management LLC acquired a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 3rd quarter valued at $93,000. Finally, Principia Wealth Advisory LLC boosted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock valued at $422,000 after buying an additional 330 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of NYSEARCA:INFL traded up $0.41 during midday trading on Friday, reaching $51.05. 257,455 shares of the company’s stock were exchanged, compared to its average volume of 231,910. The company’s 50 day simple moving average is $51.76 and its two-hundred day simple moving average is $51.90. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $42.22 and a 12 month high of $56.28. The firm has a market capitalization of $1.54 billion, a PE ratio of -2,213.02 and a beta of 0.69.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 23rd were paid a dividend of $0.0893 per share. This is a negative change 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 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%.

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.