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Horizon Kinetics Inflation Beneficiaries ETF (INFL)

Global Small/Mid Stock | Exchange Traded Fund | NYSEArca
50.70 USD -1.11 (-2.142%) ⇩ (Oct. 14, 2026, 3:59 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 9:26 a.m. EDT

The long-term outlook remains solid, driven by a powerful four-year price trajectory that has delivered a +42.49% cumulative gain. The business has avoided the dreaded multi-year decline, posting positive year-over-year returns for three of the last four years, which validates the investment thesis despite the current sector headwinds. However, the short-term picture is murky; the asset is currently trading below its 50-day moving average, and the statistical forecast offers only a marginal 1% upside with moderate confidence. This creates a tension where the fundamental story is strong, but the immediate technical setup lacks a clear catalyst for a breakout. The options market reflects this ambiguity: while traders are buying calls for a quick pop to $54, they are simultaneously placing heavy bets on a potential crash to the $46 range by early 2027. The dividend yield of 0.8% is modest and insufficient to offset the lack of immediate momentum, making this a hold for long-term believers rather than a trade for the impatient.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.043578
MSTL0.049326
AutoETS0.051487
AutoARIMA0.051488

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 56%
H-stat 2.66
Ljung-Box p 0.000
Jarque-Bera p 0.336
Excess Kurtosis -1.07
Attribute Value
Trailing P/E 25.00

As of Oct. 10, 2026, 9:26 a.m. EDT: Speculators are positioning for a modest upside move in the near term, evidenced by significant open interest at the $54 strike for the October expiration compared to negligible put volume. However, the February 2027 data reveals a stark divergence: massive open interest in deep out-of-the-money puts ($46-$47 strikes) alongside zero call volume, suggesting a hedge against a potential structural decline or a 'crash' scenario over a longer horizon. Implied volatility is elevated for these long-dated puts, indicating fear of a significant drop despite the current price uptrend.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.27% 0.65% 1.34% 1.49%
Dividend History
Date Dividend Yield %
2026-06-24 0.130 0.269598
2026-03-25 0.080 0.154949
2025-12-23 0.102 0.227222
2025-09-24 0.100 0.227066
2025-06-25 0.190 0.457611
2025-03-26 0.170 0.413223
2024-12-24 0.212 0.555265
2024-09-25 0.167 0.440517
2024-06-26 0.139 0.425076
2024-03-27 0.158 0.488861
2023-12-27 0.114 0.359621
2023-09-27 0.150 0.492611
2023-06-28 0.158 0.526491
2023-03-29 0.080 0.262295
2022-12-28 0.084 0.269058
2022-09-28 0.170 0.604982
2022-06-28 0.179 0.611548
2022-03-29 0.087 0.260012
2021-12-28 0.128 0.412238
2021-09-28 0.058 0.196744
2021-06-28 0.062 0.206460
2021-03-29 0.037 0.137803
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 0.8

Info Dump

Attribute Value
All Time High 56.28
All Time Low 24.07
Ask 51.8
Ask Size 500
Average Daily Volume10 Day 133,070
Average Daily Volume3 Month 129,475
Average Volume 129,475
Average Volume10Days 133,070
Beta3 Year 0.55
Bid 0.0
Bid Size 1,000
Category Global Small/Mid Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 51.5
Day Low 50.6201
Display Name Horizon Kinetics Inflation ETF
Dividend Yield 0.8
Eps Trailing Twelve Months 2.0283518
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 53.1248
Fifty Day Average Change -2.4248009
Fifty Day Average Change Percent -0.045643482
Fifty Two Week Change Percent 14.602173
Fifty Two Week High 56.28
Fifty Two Week High Change -5.579998
Fifty Two Week High Change Percent -0.09914709
Fifty Two Week Low 42.22
Fifty Two Week Low Change 8.48
Fifty Two Week Low Change Percent 0.20085266
Fifty Two Week Range 42.22 - 56.28
First Trade Date Milliseconds 1,610,461,800,000
Five Year Average Return 0.1282535
Full Exchange Name NYSEArca
Fullday Change 0.020000458
Fullday Change Percent 0.038633298
Fullday Price 50.7
Fund Family Horizon Kinetics
Fund Inception Date 1,610,323,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in the equity securities of domestic and foreign companies that are expected to benefit, either directly or indirectly, from rising prices (inflation). The fund's investments in equity securities are generally expected to include common stock, ownership units of publicly traded MLPs, and units of royalty trusts. The fund is non-diversified.
Long Name Horizon Kinetics Inflation Beneficiaries ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_692043602
Nav Price 51.7707
Net Assets 1,519,633,020.0
Net Expense Ratio 0.85
Open 51.43
Previous Close 51.81
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -1.11
Regular Market Change Percent -2.14244
Regular Market Day High 51.5
Regular Market Day Low 50.6201
Regular Market Day Range 50.6201 - 51.5
Regular Market Open 51.43
Regular Market Previous Close 51.81
Regular Market Price 50.7
Regular Market Time 1,792,007,986
Regular Market Volume 89,776
Short Name Horizon Kinetics Inflation Bene
Source Interval 15
Symbol INFL
Three Year Average Return 0.2092683
Total Assets 1,519,633,024
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 24.995665
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.81253
Trailing Three Month Returns 0.81253
Triggerable 1
Two Hundred Day Average 51.554054
Two Hundred Day Average Change -0.8540535
Two Hundred Day Average Change Percent -0.016566176
Type Disp ETF
Volume 89,776
Yield 0.008
Ytd Return 13.6951