Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Drops By 97.4%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 7,715 shares, a decrease of 97.4% from the May 31st total of 297,678 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 359,933 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock worth $219,000 after purchasing an additional 3,698 shares during the last quarter. Principia Wealth Advisory LLC grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after purchasing an additional 465 shares in the last quarter. NewEdge Advisors LLC grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after purchasing an additional 1,028 shares in the last quarter. Copia Wealth Management increased its holdings in 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 valued at $703,000 after buying an additional 217 shares during the last quarter. Finally, Waterloo Capital L.P. raised its stake 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 buying an additional 1,845 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of INFL stock traded up $0.47 during mid-day trading on Friday, reaching $48.79. 262,692 shares of the company were exchanged, compared to its average volume of 316,748. Horizon Kinetics Inflation Beneficiaries ETF has a fifty-two week low of $40.94 and a fifty-two week high of $55.17. The company has a market capitalization of $1.40 billion, a P/E ratio of -2,115.05 and a beta of 0.68. The business’s 50 day simple moving average is $52.06 and its 200 day simple moving average is $50.40.

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.