Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Short Interest Update

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 297,678 shares, an increase of 2,012.2% from the May 14th total of 14,093 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 297,876 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted 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 valued at $22,585,000 after acquiring an additional 38,447 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of 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 during the period. Captrust Financial Advisors grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock valued at $12,260,000 after buying an additional 11,460 shares during the period. Longview Financial Advisors Inc. grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.1% during the 4th quarter. Longview Financial Advisors Inc. now owns 172,913 shares of the company’s stock valued at $7,688,000 after acquiring an additional 5,203 shares during the period. Finally, Ameriflex Group Inc. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the third quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after buying an additional 3,698 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of Horizon Kinetics Inflation Beneficiaries ETF stock opened at $49.69 on Thursday. The company has a market capitalization of $1.43 billion, a PE ratio of -2,154.07 and a beta of 0.68. The company has a 50-day simple moving average of $52.64 and a two-hundred day simple moving average of $49.92. Horizon Kinetics Inflation Beneficiaries ETF has a one year low of $40.94 and a one year high of $55.17.

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.