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

Horizon Expedition Plus ETF (NYSEARCA:HBTA) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 468 shares, a drop of 92.5% from the April 30th total of 6,230 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 8,647 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Horizon Expedition Plus ETF

A number of institutional investors have recently modified their holdings of HBTA. Envestnet Asset Management Inc. increased its position in shares of Horizon Expedition Plus ETF by 339.4% during the third quarter. Envestnet Asset Management Inc. now owns 690,283 shares of the company’s stock worth $19,514,000 after acquiring an additional 533,169 shares during the period. Orion Porfolio Solutions LLC purchased a new position in Horizon Expedition Plus ETF during the second quarter valued at approximately $3,187,000. Ascentis Independent Advisors purchased a new position in Horizon Expedition Plus ETF during the first quarter valued at approximately $2,164,000. Cetera Investment Advisers increased its holdings in Horizon Expedition Plus ETF by 11.1% during the first quarter. Cetera Investment Advisers now owns 608,353 shares of the company’s stock valued at $16,292,000 after buying an additional 60,989 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings 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 during the period.

Horizon Expedition Plus ETF Price Performance

Shares of NYSEARCA:HBTA traded up $0.02 during trading on Wednesday, reaching $32.69. 5,500 shares of the company were exchanged, compared to its average volume of 20,729. The firm has a market capitalization of $147.11 million, a PE ratio of 29.06 and a beta of 1.53. The business’s fifty day simple moving average is $29.61 and its 200-day simple moving average is $29.17. Horizon Expedition Plus ETF has a 12-month low of $23.54 and a 12-month high of $32.75.

Horizon Expedition Plus ETF Company Profile

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.