BENJ Hits a New 52-Week High Amid $23.98M Net Inflows and Overbought RSI Signals

ETF Overview and Capital Flows

The Horizon Landmark ETF (BENJ.P) focuses on short-term U.S. Treasury Bills and options strategies to generate returns. As a leveraged, long-bias fund with a 0.4% expense ratio, it operates in the multi-asset class under the Treasury ETFs theme. Recent fund flow data shows $23.98 million in net order inflows on December 29, 2025, driven by $40.57 million in block orders and $42.07 million in extra-large orders. These flows highlight institutional interest but do not confirm long-term trend strength.

Technical Signals and Market Setup

Crucially, the ETF’s relative strength index (RSI) hit overbought territory as of December 31, 2025. This signals aggressive short-term buying pressure, often preceding consolidation phases. In practice, traders may watch for a pullback or confirmation of sustained momentum before positioning. The leveraged structure amplifies both upside and downside risks in such scenarios.

Peer ETF Snapshot

• AGG.P charges 0.03% and holds $136B, with a leverage ratio of 1.0.
• AGGS.P has a 0.35% expense ratio and $37M in assets, also using 1.0x leverage.
• AAA.P charges 0.25% and manages $42M, matching BNL.P’s leverage style.
• BNDP.O has the lowest AUM at $101M but charges just 0.05%.

Opportunities and Structural Constraints

The ETF’s recent inflows and overbought RSI suggest strong near-term demand, though leveraged structures often face volatility decay over time. For now, its focus on Treasury Bills offers liquidity advantages in turbulent markets. Structural constraints include its 0.4% expense ratio, higher than non-leveraged peers, and the inherent risks of options-based strategies. At the end of the day, investors must weigh these factors against their risk tolerance and market views.