Horizon Expedition Plus ETF (NYSEARCA:HBTA) Sees Large Drop in Short Interest

Horizon Expedition Plus ETF (NYSEARCA:HBTA) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,308 shares, a decline of 74.6% from the July 30th total of 40,584 shares. Based on an average trading volume of 23,188 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Horizon Expedition Plus ETF Stock Down 0.6%

HBTA stock traded down $0.20 during midday trading on Friday, reaching $32.14. 19,859 shares of the company’s stock traded hands, compared to its average volume of 56,060. Horizon Expedition Plus ETF has a 52 week low of $25.52 and a 52 week high of $33.30. The company has a market cap of $253.91 million, a price-to-earnings ratio of 29.06 and a beta of 1.54. The firm’s fifty day moving average price is $32.08 and its 200-day moving average price is $30.68.

Institutional Investors Weigh In On Horizon Expedition Plus ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBTA. Northwestern Mutual Wealth Management Co. grew its position in shares of Horizon Expedition Plus ETF by 81,245.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,471 shares of the company’s stock valued at $825,000 after purchasing an additional 28,436 shares in the last quarter. Cetera Investment Advisers lifted its stake in Horizon Expedition Plus ETF by 11.1% in the first quarter. Cetera Investment Advisers now owns 608,353 shares of the company’s stock worth $16,292,000 after purchasing an additional 60,989 shares during the last quarter. Ascentis Independent Advisors purchased a new position in Horizon Expedition Plus ETF in the 1st quarter worth approximately $2,164,000. Bank of New York Mellon Corp increased its position in shares of Horizon Expedition Plus ETF by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 1,566,831 shares of the company’s stock valued at $41,960,000 after acquiring an additional 29,376 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Horizon Expedition Plus ETF in the 4th quarter worth approximately $32,000.

About Horizon Expedition Plus ETF

The Horizon Expedition Plus ETF (HBTA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies combined with an options strategy with the aim of providing overall total return. The fund pursues strategic portfolio allocation, along with active security selection. HBTA was launched on Jan 22, 2025 and is issued by Horizon Kinetics.