Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Stock Short Interest Report for October

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 26,544 shares, an increase of 65.5% from the September 30th total of 16,039 shares. Based on an average daily trading volume, of 130,476 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds have recently made changes to their positions in the company. Longview Financial Advisors Inc. lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after purchasing an additional 10,049 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock valued at $22,585,000 after purchasing an additional 38,447 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 3rd quarter worth approximately $93,000. Principia Wealth Advisory LLC grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the 2nd quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after buying an additional 330 shares during the last quarter. Finally, NBH Bank purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $71,000.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

NYSEARCA INFL opened at $50.51 on Tuesday. The firm’s fifty day moving average price is $52.60 and its 200 day moving average price is $51.85. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2,189.61 and a beta of 0.69. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $42.22 and a 12 month high of $56.28.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 23rd were paid a $0.0893 dividend. This is a drop from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. This represents a $0.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is currently -1,734.00%.

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.