Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-strong trading volume on Friday . Approximately 204,124 shares changed hands during trading, a decline of 35% from the previous session’s volume of 315,811 shares.The stock last traded at $50.70 and had previously closed at $50.29.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

The business has a 50-day simple moving average of $52.60 and a 200 day simple moving average of $49.98. The firm has a market cap of $1.48 billion, a P/E ratio of -2,231.66 and a beta of 0.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% during the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after purchasing an additional 3,698 shares during the last quarter. Principia Wealth Advisory LLC raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the 4th quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock valued at $429,000 after purchasing an additional 465 shares during the last quarter. NewEdge Advisors LLC raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock valued at $506,000 after purchasing an additional 1,028 shares during the last quarter. Copia Wealth Management raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 1.4% during the 4th quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock valued at $703,000 after purchasing an additional 217 shares during the last quarter. Finally, Waterloo Capital L.P. raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during 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.

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.