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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 95,465 shares, an increase 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. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INFL. Bank of New York Mellon Corp increased its position in 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 last quarter. Longview Financial Advisors Inc. increased its holdings in shares of 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 buying an additional 10,049 shares during the last quarter. Waterloo Capital L.P. raised its position in shares of 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 buying an additional 1,845 shares during the period. NBH Bank acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at approximately $71,000. Finally, Principia Wealth Advisory LLC grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after acquiring an additional 465 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.1%

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

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. This is an increase 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 presently -1,777.35%.

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.