Short Interest in Horizon Expedition Plus ETF (NYSEARCA:HBTA) Decreases By 92.5%

Horizon Expedition Plus ETF (NYSEARCA:HBTAGet Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 468 shares, a decrease of 92.5% from the April 30th total of 6,230 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily 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

Several hedge funds and other institutional investors have recently modified their holdings of HBTA. Jane Street Group LLC bought a new position in shares of Horizon Expedition Plus ETF during the 1st quarter valued at $611,000. Orion Porfolio Solutions LLC bought a new position in shares of Horizon Expedition Plus ETF during the 2nd quarter valued at $3,187,000. Osaic Holdings Inc. bought a new position in shares of Horizon Expedition Plus ETF during the 2nd quarter valued at $568,000. Envestnet Asset Management Inc. lifted its holdings in shares of Horizon Expedition Plus ETF by 339.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 690,283 shares of the company’s stock valued at $19,514,000 after buying an additional 533,169 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of Horizon Expedition Plus ETF during the 3rd quarter valued at $440,000.

Horizon Expedition Plus ETF Stock Performance

Shares of NYSEARCA HBTA traded up $0.10 during midday trading on Friday, hitting $33.04. 256,722 shares of the stock traded hands, compared to its average volume of 23,022. The firm has a 50-day moving average of $29.91 and a two-hundred day moving average of $29.26. The firm has a market capitalization of $148.68 million, a P/E ratio of 29.06 and a beta of 1.53. Horizon Expedition Plus ETF has a one year low of $23.54 and a one year high of $33.15.

About Horizon Expedition Plus ETF

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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.

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