Horizon Expedition Plus ETF (NYSEARCA:HBTA) Shares Shorted: Short Interest Down 85.3% in October

Horizon Expedition Plus ETF (NYSEARCA:HBTA) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,674 shares, a decrease of 85.3% from the September 30th total of 18,178 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 47,768 shares, the days-to-cover ratio is currently 0.1 days.

Horizon Expedition Plus ETF Stock Performance

Shares of NYSEARCA HBTA traded up $0.47 during midday trading on Tuesday, hitting $32.12. 5,483 shares of the company traded hands, compared to its average volume of 50,076. Horizon Expedition Plus ETF has a 12-month low of $25.52 and a 12-month high of $33.91. The firm has a market cap of $248.61 million, a P/E ratio of 29.06 and a beta of 1.50. The stock has a 50-day moving average price of $32.49 and a 200 day moving average price of $30.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Horizon Expedition Plus ETF by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,566,831 shares of the company’s stock worth $41,960,000 after buying an additional 29,376 shares during the period. Envestnet Asset Management Inc. increased its stake in Horizon Expedition Plus ETF by 33.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,037,115 shares of the company’s stock valued at $33,903,000 after purchasing an additional 257,230 shares during the period. Cetera Investment Advisers boosted its position in Horizon Expedition Plus ETF by 11.1% during the first quarter. Cetera Investment Advisers now owns 608,353 shares of the company’s stock worth $16,292,000 after purchasing an additional 60,989 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Horizon Expedition Plus ETF during the 1st quarter worth $2,164,000. Finally, Optivise Advisory Services LLC acquired a new position in Horizon Expedition Plus ETF in the 3rd quarter worth $227,000.

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.