Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw strong trading volume on Friday . 182,349 shares changed hands during trading, a decline of 42% from the previous session’s volume of 316,241 shares.The stock last traded at $48.52 and had previously closed at $48.32.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The stock has a market capitalization of $1.41 billion, a PE ratio of -2,122.42 and a beta of 0.68. The stock’s 50 day simple moving average is $52.06 and its two-hundred day simple moving average is $50.40.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first 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. Longview Financial Advisors Inc. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.5% in the first quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after buying an additional 4,295 shares during the period. Captrust Financial Advisors raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in 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. Janney Montgomery Scott LLC lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Waterloo Capital L.P. lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 shares during the last quarter.

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.