Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Stock Short Interest Jumps 65.5%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a significant increase in short interest during the month of 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 presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

Shares of INFL stock opened at $51.24 on Monday. Horizon Kinetics Inflation Beneficiaries ETF has a one year low of $42.22 and a one year high of $56.28. The stock has a market cap of $1.55 billion, a PE ratio of -2,221.26 and a beta of 0.71. The stock has a 50-day moving average of $52.70 and a 200-day moving average of $51.83.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

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

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Institutional investors have recently added to or reduced their stakes in the stock. Longview Financial Advisors Inc. boosted its stake in 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 worth $9,340,000 after purchasing an additional 10,049 shares during the period. Bank of New York Mellon Corp raised its stake 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 bought a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the third quarter valued at about $93,000. Principia Wealth Advisory LLC lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock valued at $422,000 after purchasing an additional 330 shares in the last quarter. Finally, NBH Bank acquired a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth about $71,000.

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.