Horizon Expedition Plus ETF (NYSEARCA:HBTA) Stock Short Interest Declines 65.0%

Horizon Expedition Plus ETF (NYSEARCA:HBTA) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,625 shares, a drop of 65.0% from the August 31st total of 16,076 shares. Based on an average trading volume of 17,913 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Horizon Expedition Plus ETF Trading Up 0.6%

Shares of NYSEARCA:HBTA traded up $0.20 during midday trading on Friday, hitting $33.29. The stock had a trading volume of 18,868 shares, compared to its average volume of 52,174. Horizon Expedition Plus ETF has a 1 year low of $25.52 and a 1 year high of $33.32. The stock has a 50 day moving average price of $32.07 and a two-hundred day moving average price of $31.15. The company has a market capitalization of $260.33 million, a PE ratio of 29.06 and a beta of 1.53.

Hedge Funds Weigh In On Horizon Expedition Plus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBTA. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $825,000 after buying an additional 28,436 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Horizon Expedition Plus ETF by 11.1% in 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 in the last quarter. Ascentis Independent Advisors acquired a new position in Horizon Expedition Plus ETF during the first quarter worth $2,164,000. Bank of New York Mellon Corp grew 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 worth $41,960,000 after acquiring an additional 29,376 shares during the period. Finally, Royal Bank of Canada raised its position in Horizon Expedition Plus ETF by 164.0% in the first quarter. Royal Bank of Canada now owns 1,568 shares of the company’s stock worth $42,000 after acquiring an additional 974 shares in the last quarter.

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.