BENJ Breaks Through to New 52-Week High at 51.61: Technical Momentum Drives Growth Amid Bullish Signals

Horizon Landmark ETF Hits 52-Week High Amid Technical Strength

The Horizon Landmark ETF (BENJ.P) is a multi-asset fund focused on U.S. Treasury Bills with maturities of one to three months and options trading. With an expense ratio of 0.4% and a leverage ratio of 1.0, the fund employs a long-only strategy. Recent inflows have pushed its price to a 52-week high, reflecting strong short-term demand for its tactical approach to fixed-income markets.

The fund's technical indicators show significant momentum. A MACD golden cross confirmed on November 14, 2025, signals a bullish trend reversal. Simultaneously, the RSI entered overbought territory, indicating aggressive buying pressure. These patterns suggest continued institutional participation and potential for extended gains, though overbought conditions typically precede short-term corrections.

Comparing BENJ.P with peer ETFs reveals distinct positioning. While major players like AGG.P ($134B AUM) and AFIX.P ($179M AUM) offer lower expense ratios (0.03% to 0.19%), BENJ.P's 0.4% fee is justified by its active options strategy. The fund's $51.61 price tag places it in a mid-cap tier compared to mega-cap alternatives like AGG.P and niche products like AMUN.O (-2.0 leverage ratio).

Investors face a strategic crossroads with BENJ.P. The fund's technical strength aligns with rising demand for short-duration fixed income in a rate-sensitive environment. However, its overbought RSI and concentrated Treasury focus expose it to sudden liquidity shifts. Position sizing should account for both the ETF's leverage and its relatively modest $51.61 price point compared to peers like AFIX.P ($179M AUM).