NVIR.P Sees Outflows Amid KDJ Golden Cross Signal

ETF Overview and Capital Flows

The Horizon Kinetics Energy and Remediation ETF (NVIR.P) targets firms involved in hydrocarbon-based energy production and related remediation efforts, with global exposure across capitalizations. Actively managed, it seeks concentrated equity stakes in this niche sector. Recent capital flows show net outflows: $3.67 million from retail orders and $3.64 million from block trades on Feb. 4, 2026. These outflows contrast with its long-term investment objective, highlighting short-term distribution pressure.

Technical Signals and Market Setup

A KDJ golden cross emerged for NVIR.P on Feb. 6, 2026, signaling potential near-term buying momentum. This stochastic oscillator pattern suggests a shift in sentiment toward bullish momentum, though it lacks confirmation from broader technical indicators like RSI or MACD. Traders may view this as a cautionary sign, given the ETF’s recent 52-week high and absence of overbought/oversold extremes in other metrics.

Peer ETF Snapshot

• AGG.P charges 0.03% with $138B assets, APMU.P has 0.37% expense ratio and $216M AUM.
• AVIG.P holds $2B at 0.15%, while ACGH.P (0.3%) and AGGS.P (0.35%) manage mid-sized portfolios.
• ACVT.P stands out with a 0.65% fee and $28M assets, reflecting varied cost structures across peers.

Opportunities and Structural Constraints

NVIR.P’s active strategy offers access to energy remediation themes, a sector niche for most broad-market ETFs. The KDJ golden cross hints at short-term buying interest, but recent outflows and its 0.85% expense ratio—higher than many peers—pose structural challenges. Investors must weigh its thematic focus against liquidity dynamics and cost efficiency, particularly in a market increasingly favoring low-cost index products.