Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Short Interest Update

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 41,067 shares, a decline of 50.0% from the December 15th total of 82,089 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 93,988 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 93,988 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 10.5% during the second quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock valued at $11,793,000 after purchasing an additional 26,550 shares in the last quarter. Copia Wealth Management raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 55.3% in the second quarter. Copia Wealth Management now owns 12,469 shares of the company’s stock worth $526,000 after purchasing an additional 4,441 shares in the last quarter. Waterloo Capital L.P. purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter valued at $4,023,000. Leavell Investment Management Inc. bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter valued at $1,438,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock valued at $201,379,000 after buying an additional 628,255 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.6%

Shares of NYSEARCA:INFL traded up $0.30 on Thursday, hitting $48.11. The company had a trading volume of 189,431 shares, compared to its average volume of 241,663. The firm’s 50-day simple moving average is $44.65 and its two-hundred day simple moving average is $43.55. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -2,085.57 and a beta of 0.79. Horizon Kinetics Inflation Beneficiaries ETF has a 1 year low of $35.08 and a 1 year high of $48.18.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were issued a $0.102 dividend. This represents a $0.41 annualized dividend and a yield of 0.8%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is -2,427.61%.

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.