Short Interest in Horizon Expedition Plus ETF (NYSEARCA:HBTA) Drops By 74.6%

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

Horizon Expedition Plus ETF Trading Up 0.3%

HBTA stock traded up $0.11 during mid-day trading on Thursday, hitting $32.34. 22,315 shares of the company were exchanged, compared to its average volume of 56,281. The firm has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $30.65. The company has a market capitalization of $255.49 million, a PE ratio of 29.06 and a beta of 1.54. Horizon Expedition Plus ETF has a twelve month low of $25.52 and a twelve month high of $33.30.

Hedge Funds Weigh In On Horizon Expedition Plus ETF

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Horizon Expedition Plus ETF by 1.9% during 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 buying an additional 29,376 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Horizon Expedition Plus ETF by 11.1% during the 1st quarter. Cetera Investment Advisers now owns 608,353 shares of the company’s stock worth $16,292,000 after buying an additional 60,989 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Horizon Expedition Plus ETF in the 2nd quarter worth approximately $3,187,000. Ascentis Independent Advisors acquired a new position in shares of Horizon Expedition Plus ETF in the 1st quarter worth approximately $2,164,000. Finally, Principal Securities Inc. increased its holdings in shares of Horizon Expedition Plus ETF by 5.0% in the 4th quarter. Principal Securities Inc. now owns 55,979 shares of the company’s stock valued at $1,622,000 after acquiring an additional 2,686 shares during the last quarter.

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.