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

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw strong trading volume on Tuesday . 486,269 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 299,958 shares.The stock last traded at $53.36 and had previously closed at $53.35.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.1%

The company’s 50 day simple moving average is $52.71 and its 200-day simple moving average is $48.60. The firm has a market cap of $1.53 billion, a P/E ratio of -2,314.03 and a beta of 0.70.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently modified their holdings of INFL. Leavell Investment Management Inc. increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 32.3% during the third quarter. Leavell Investment Management Inc. now owns 45,121 shares of the company’s stock valued at $2,017,000 after acquiring an additional 11,020 shares during the last quarter. Captrust Financial Advisors increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 1.2% during the third quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock valued at $11,812,000 after buying an additional 3,042 shares during the last quarter. Copia Wealth Management raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% in the third quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock worth $697,000 after acquiring an additional 3,117 shares during the period. Waterloo Capital L.P. boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.9% during the 3rd quarter. Waterloo Capital L.P. now owns 98,196 shares of the company’s stock worth $4,389,000 after acquiring an additional 2,797 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after acquiring an additional 12,300 shares during the period.

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.