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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 95,465 shares, a growth of 94.4% from the August 15th total of 49,119 shares. Based on an average trading volume of 168,514 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.1%

Shares of INFL stock traded down $0.06 during trading hours on Tuesday, reaching $54.20. 337,248 shares of the company’s stock were exchanged, compared to its average volume of 261,616. The stock’s fifty day moving average price is $52.78 and its two-hundred day moving average price is $52.31. Horizon Kinetics Inflation Beneficiaries ETF has a 1 year low of $42.22 and a 1 year high of $56.28. The stock has a market cap of $1.59 billion, a PE ratio of -2,349.58 and a beta of 0.70.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, June 24th. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is -1,777.35%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFL. Copia Wealth Management lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.4% in the 4th quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock valued at $703,000 after buying an additional 217 shares in the last quarter. Principia Wealth Advisory LLC boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after acquiring an additional 330 shares during the last quarter. NBH Bank purchased a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth approximately $71,000. Waterloo Capital L.P. raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Longview Financial Advisors Inc. lifted 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 purchasing an additional 4,295 shares in the last quarter.

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.