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

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

Institutional Trading of Horizon Expedition Plus ETF

Several hedge funds have recently added to or reduced their stakes in HBTA. Kestra Advisory Services LLC bought a new stake in shares of Horizon Expedition Plus ETF in the fourth quarter valued at $32,000. Royal Bank of Canada grew its stake in shares of 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 acquiring an additional 974 shares during the period. Ausdal Financial Partners Inc. bought a new position in shares of Horizon Expedition Plus ETF during the 3rd quarter worth $282,000. JPMorgan Chase & Co. purchased a new stake in Horizon Expedition Plus ETF in the 3rd quarter worth about $440,000. Finally, Osaic Holdings Inc. purchased a new stake in Horizon Expedition Plus ETF in the 2nd quarter worth about $568,000.

Horizon Expedition Plus ETF Trading Down 0.6%

Shares of NYSEARCA:HBTA traded down $0.20 during mid-day trading on Friday, hitting $32.14. 19,859 shares of the company traded hands, compared to its average volume of 56,060. The stock has a 50-day moving average price of $32.08 and a two-hundred day moving average price of $30.68. Horizon Expedition Plus ETF has a 12-month low of $25.52 and a 12-month high of $33.30. The stock has a market cap of $253.91 million, a P/E ratio of 29.06 and a beta of 1.54.

Horizon Expedition Plus ETF Company Profile

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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.

Further Reading

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