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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 56,310 shares, an increase of 629.9% from the June 15th total of 7,715 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 240,441 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of INFL. Bank of New York Mellon Corp lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after purchasing an additional 38,447 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock worth $13,496,000 after purchasing an additional 12,300 shares during the last quarter. Captrust Financial Advisors increased its stake 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 worth $12,260,000 after buying an additional 11,460 shares during the period. Longview Financial Advisors Inc. increased its stake in 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 during the period. Finally, IFP Advisors Inc lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 0.3% during 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 in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.7%

Shares of NYSEARCA INFL traded up $0.37 during midday trading on Monday, hitting $50.38. The company’s stock had a trading volume of 20,437 shares, compared to its average volume of 305,879. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $40.94 and a 12-month high of $55.17. The firm has a market cap of $1.48 billion, a P/E ratio of -2,183.98 and a beta of 0.69. The business’s 50 day moving average is $51.29 and its two-hundred day moving average is $50.80.

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.