Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Shares Shorted: Short Interest Up 245.1% in October

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 91,601 shares, an increase of 245.1% from the October 15th total of 26,544 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 86,208 shares, the days-to-cover ratio is currently 1.1 days.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 1.1%

NYSEARCA INFL traded down $0.55 on Thursday, reaching $50.64. 208,933 shares of the stock were exchanged, compared to its average volume of 231,793. The company’s 50-day simple moving average is $51.85 and its two-hundred day simple moving average is $51.90. The firm has a market capitalization of $1.53 billion, a PE ratio of -2,195.25 and a beta of 0.69. Horizon Kinetics Inflation Beneficiaries ETF has a one year low of $42.22 and a one year high of $56.28.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

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

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after acquiring an additional 38,447 shares in the last quarter. Longview Financial Advisors Inc. increased 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 buying an additional 10,049 shares during the period. Principia Wealth Advisory LLC raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock valued at $422,000 after acquiring an additional 330 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the third quarter worth about $93,000. Finally, NBH Bank purchased a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter valued at $71,000.

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.