Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 297,678 shares, a growth of 2,012.2% from the May 14th total of 14,093 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 297,876 shares, the days-to-cover ratio is presently 1.0 days.
Horizon Kinetics Inflation Beneficiaries ETF Trading Down 0.8%
NYSEARCA INFL traded down $0.42 during trading on Tuesday, hitting $50.16. 685,198 shares of the company’s stock were exchanged, compared to its average volume of 319,750. The company has a market cap of $1.44 billion, a PE ratio of -2,174.44 and a beta of 0.68. Horizon Kinetics Inflation Beneficiaries ETF has a fifty-two week low of $40.94 and a fifty-two week high of $55.17. The stock’s 50 day moving average price is $52.66 and its two-hundred day moving average price is $49.87.
Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Copia Wealth Management lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.4% in the 4th quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock valued at $703,000 after purchasing an additional 217 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.3% during the third quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock worth $4,953,000 after buying an additional 375 shares during the last quarter. Principia Wealth Advisory LLC increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after buying an additional 465 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock valued at $506,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Waterloo Capital L.P. boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during the 4th quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after acquiring an additional 1,845 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.
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