Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Decreases By 50.0%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 41,067 shares, a decrease of 50.0% from the December 15th total of 82,089 shares. Based on an average trading volume of 93,988 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 93,988 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 10.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock valued at $11,793,000 after acquiring an additional 26,550 shares in the last quarter. Copia Wealth Management boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 55.3% during the second quarter. Copia Wealth Management now owns 12,469 shares of the company’s stock valued at $526,000 after purchasing an additional 4,441 shares in the last quarter. Private Trust Co. NA grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 801.0% in the second quarter. Private Trust Co. NA now owns 865 shares of the company’s stock valued at $36,000 after purchasing an additional 769 shares during the last quarter. Leavell Investment Management Inc. purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at about $1,438,000. Finally, Bank of Jackson Hole Trust bought a new position in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter worth about $60,000.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Horizon Kinetics Inflation Beneficiaries ETF stock traded up $0.24 during midday trading on Friday, hitting $48.35. 163,626 shares of the company’s stock were exchanged, compared to its average volume of 234,566. The company has a market cap of $1.41 billion, a PE ratio of -2,095.98 and a beta of 0.79. The firm has a 50-day moving average of $44.73 and a two-hundred day moving average of $43.61. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $35.08 and a 12 month high of $48.35.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.102 per share. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, December 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is -2,427.61%.

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.