Ultra Short-Term Income ETF (BENJ) Hits Fresh 52-Week High

Core Insights - Horizon Landmark ETF (BENJ) has reached a 52-week high and is up 4.4% from its 52-week low of $50.07 per share, attracting investor attention for potential momentum [1] Group 1: Fund Overview - BENJ primarily invests in U.S. Treasury Bills with maturities of one to three months and engages in options transactions, charging 40 basis points in annual fees [2] Group 2: Performance Drivers - The recent rise of BENJ to a new 52-week high is attributed to the ongoing crisis in the Middle East, which has led to a global "flight to quality" among investors, shifting from volatile equities to the fund's secure U.S. Treasury bill core [3] - The fund employs a specialized 'Box' strategy along with an S&P 500 options overlay, allowing it to capture elevated yields while hedging against downside risks, which has likely contributed to strong inflows [3] Group 3: Future Outlook - BENJ is expected to maintain strong performance in the near term, indicated by a positive weighted alpha of 3.83, suggesting potential for further gains [4]