Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Drops By 81.3%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 14,093 shares, a decline of 81.3% from the April 30th total of 75,412 shares. Based on an average trading volume of 482,143 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 1.6%

Shares of NYSEARCA:INFL opened at $52.12 on Thursday. The company has a 50-day moving average price of $52.67 and a 200-day moving average price of $49.42. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -2,259.41 and a beta of 0.70. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $40.94 and a 12 month high of $55.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. grew 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 buying an additional 3,698 shares during the last quarter. Principia Wealth Advisory LLC lifted 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 acquiring an additional 465 shares during the period. NewEdge Advisors LLC lifted 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 acquiring an additional 1,028 shares during the period. Copia Wealth Management boosted 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 acquiring an additional 217 shares in the last quarter. Finally, Waterloo Capital L.P. boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.9% in the third quarter. Waterloo Capital L.P. now owns 98,196 shares of the company’s stock valued at $4,389,000 after acquiring an additional 2,797 shares in the last quarter.

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.