Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Decreases By 97.4%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 7,715 shares, a decrease of 97.4% from the May 31st total of 297,678 shares. Based on an average daily volume of 359,933 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

Shares of NYSEARCA INFL traded up $0.10 during midday trading on Thursday, reaching $48.32. 380,227 shares of the stock were exchanged, compared to its average volume of 317,357. The business has a 50-day simple moving average of $52.06 and a two-hundred day simple moving average of $50.40. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2,094.68 and a beta of 0.68. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $40.94 and a 12 month high of $55.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised 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 period. Longview Financial Advisors Inc. grew its position in shares of 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 during the period. Captrust Financial Advisors grew its position in shares of 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 valued at $12,260,000 after purchasing an additional 11,460 shares during the period. Janney Montgomery Scott LLC increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th 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 in the last quarter. Finally, Waterloo Capital L.P. increased its stake 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 worth $4,448,000 after purchasing an additional 1,845 shares in the last quarter.

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.