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

Horizon Expedition Plus ETF (NYSEARCA:HBTA) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 838 shares, an increase of 207.0% from the May 31st total of 273 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,652 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Horizon Expedition Plus ETF

A number of hedge funds have recently modified their holdings of HBTA. Kestra Advisory Services LLC acquired a new stake in Horizon Expedition Plus ETF in the fourth quarter valued at $32,000. Royal Bank of Canada lifted its holdings in Horizon Expedition Plus ETF by 164.0% during the 1st quarter. Royal Bank of Canada now owns 1,568 shares of the company’s stock worth $42,000 after buying an additional 974 shares during the period. HBW Advisory Services LLC bought a new stake in shares of Horizon Expedition Plus ETF in the 4th quarter valued at about $152,000. Ausdal Financial Partners Inc. bought a new stake in shares of Horizon Expedition Plus ETF in the 3rd quarter valued at about $282,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Horizon Expedition Plus ETF in the third quarter valued at about $440,000.

Horizon Expedition Plus ETF Price Performance

HBTA opened at $32.23 on Tuesday. Horizon Expedition Plus ETF has a fifty-two week low of $24.83 and a fifty-two week high of $33.30. The firm has a market capitalization of $145.03 million, a price-to-earnings ratio of 29.06 and a beta of 1.52. The company’s 50 day moving average price is $31.86 and its two-hundred day moving average price is $29.79.

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.