Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 41,738 shares, a decrease of 47.2% from the July 15th total of 79,053 shares. Based on an average daily volume of 90,251 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Longview Financial Advisors Inc. raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after purchasing an additional 10,049 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during 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 buying an additional 38,447 shares in the last quarter. Captrust Financial Advisors raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the fourth quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock valued at $12,260,000 after buying an additional 11,460 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in 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 worth $13,496,000 after buying an additional 12,300 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after buying an additional 1,028 shares during the last quarter.
Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.6%
Shares of Horizon Kinetics Inflation Beneficiaries ETF stock traded up $0.30 on Monday, hitting $53.06. 64,266 shares of the company’s stock traded hands, compared to its average volume of 273,331. The stock has a market cap of $1.56 billion, a P/E ratio of -2,300.16 and a beta of 0.69. The firm’s 50-day moving average is $50.64 and its 200 day moving average is $51.67. Horizon Kinetics Inflation Beneficiaries ETF has a 52-week low of $41.77 and a 52-week high of $55.17.
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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