Horizon Expedition Plus ETF (NYSEARCA:HBTA) Stock Short Interest Rises 223.2%

Horizon Expedition Plus ETF (NYSEARCA:HBTA) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 18,178 shares, an increase of 223.2% from the September 15th total of 5,625 shares. Based on an average daily volume of 19,599 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Horizon Expedition Plus ETF Stock Performance

Shares of HBTA traded up $0.01 during trading hours on Tuesday, reaching $33.42. 14,048 shares of the company traded hands, compared to its average volume of 51,401. The stock’s fifty day moving average is $32.55 and its 200 day moving average is $31.60. The stock has a market cap of $260.01 million, a P/E ratio of 29.06 and a beta of 1.50. Horizon Expedition Plus ETF has a 1-year low of $25.52 and a 1-year high of $33.84.

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. Envestnet Asset Management Inc. grew its holdings in shares of Horizon Expedition Plus ETF by 33.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,037,115 shares of the company’s stock worth $33,903,000 after purchasing an additional 257,230 shares in the last quarter. Royal Bank of Canada raised its stake in shares of 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 valued at $42,000 after purchasing an additional 974 shares in the last quarter. Cetera Investment Advisers raised 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 purchasing an additional 60,989 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Horizon Expedition Plus ETF by 1.9% in 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 purchasing an additional 29,376 shares during the period. Finally, Ascentis Independent Advisors bought a new position in Horizon Expedition Plus ETF in the first quarter worth $2,164,000.

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.