Horizon Expedition Plus ETF (NYSEARCA:HBTA) Sees Significant Decline in Short Interest

Horizon Expedition Plus ETF (NYSEARCA:HBTA) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,674 shares, a decrease of 85.3% from the September 30th total of 18,178 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 47,768 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Horizon Expedition Plus ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in shares of Horizon Expedition Plus ETF by 33.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,037,115 shares of the company’s stock valued at $33,903,000 after purchasing an additional 257,230 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Horizon Expedition Plus ETF during the 1st quarter valued at approximately $2,164,000. 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 acquiring an additional 60,989 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Horizon Expedition Plus ETF by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,566,831 shares of the company’s stock valued at $41,960,000 after buying an additional 29,376 shares in the last quarter. Finally, Optivise Advisory Services LLC acquired a new position in Horizon Expedition Plus ETF in the 3rd quarter worth approximately $227,000.

Horizon Expedition Plus ETF Trading Up 1.5%

NYSEARCA HBTA traded up $0.47 during trading on Tuesday, reaching $32.12. 5,483 shares of the company’s stock were exchanged, compared to its average volume of 50,076. Horizon Expedition Plus ETF has a fifty-two week low of $25.52 and a fifty-two week high of $33.91. The company’s fifty day simple moving average is $32.49 and its 200-day simple moving average is $30.88. The firm has a market capitalization of $248.61 million, a PE ratio of 29.06 and a beta of 1.50.

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.