Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Shares Shorted: Short Interest Down 81.7% in September

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 16,039 shares, a decline of 81.7% from the September 15th total of 87,537 shares. Based on an average daily volume of 107,379 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of INFL opened at $51.57 on Friday. The stock’s 50-day simple moving average is $53.20 and its 200 day simple moving average is $52.15. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -2,235.56 and a beta of 0.71. Horizon Kinetics Inflation Beneficiaries ETF has a 52-week low of $42.22 and a 52-week high of $56.28.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.0893 per share. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 0.7%. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is presently -1,734.00%.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Hedge funds have recently bought and sold shares of the stock. NBH Bank purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth approximately $71,000. Principia Wealth Advisory LLC grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after acquiring an additional 330 shares in the last quarter. Longview Financial Advisors Inc. increased its stake in 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 acquiring an additional 4,295 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 valued at $22,585,000 after acquiring an additional 38,447 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.