Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Short Interest Up 629.9% in June

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. Based on an average trading volume of 240,441 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of INFL stock traded up $0.37 during mid-day trading on Monday, hitting $50.38. 16,312 shares of the stock were exchanged, compared to its average volume of 305,835. The stock’s fifty day simple moving average is $51.29 and its two-hundred day simple moving average is $50.80. Horizon Kinetics Inflation Beneficiaries ETF has a 12-month low of $40.94 and a 12-month high of $55.17. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -2,183.98 and a beta of 0.69.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFL. Janney Montgomery Scott LLC boosted 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 valued at $13,496,000 after acquiring an additional 12,300 shares during the period. Captrust Financial Advisors raised its position 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 valued at $12,260,000 after purchasing an additional 11,460 shares during the last quarter. NewEdge Advisors LLC raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in 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. Longview Financial Advisors Inc. boosted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after purchasing an additional 10,049 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the 1st 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.

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.