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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 56,310 shares, a growth of 629.9% from the June 15th total of 7,715 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 240,441 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Copia Wealth Management increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.4% in the fourth quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock worth $703,000 after buying an additional 217 shares during the period. IFP Advisors Inc boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 0.3% during the 3rd quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock valued at $4,953,000 after buying an additional 375 shares during the period. Principia Wealth Advisory LLC grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the 4th 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 last quarter. NewEdge Advisors LLC grew its holdings 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 worth $506,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Waterloo Capital L.P. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after acquiring an additional 1,845 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.3%

Shares of NYSEARCA INFL traded down $0.16 during trading hours on Friday, reaching $50.01. 53,179 shares of the stock traded hands, compared to its average volume of 308,083. The company has a market capitalization of $1.47 billion, a P/E ratio of -2,167.94 and a beta of 0.69. Horizon Kinetics Inflation Beneficiaries ETF has a 52-week low of $40.94 and a 52-week high of $55.17. The company’s 50-day simple moving average is $51.29 and its two-hundred day simple moving average is $50.76.

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.