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Horizon Flexible Income ETF (FLXN)

High Yield Bond | Exchange Traded Fund | Cboe US
24.04 USD -0.10 (-0.434%) ⇩ (Oct. 16, 2026, 3:14 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★★☆
Hot Take ↕ | Oct. 10, 2026, 11:31 a.m. EDT

The most critical observation is the massive discrepancy between the headline 10.4% yield and the actual cash flow available to shareholders. While the trailing twelve-month payout looks robust, the recent dividend history reveals a pattern of aggressive, irregular distributions—specifically a $0.68 payment in April followed by a sharp drop to roughly $0.12–$0.20 in subsequent months. This suggests the fund is likely distributing unrealized gains or capital rather than sustainable operating income, which is a hallmark of 'flexible' income structures that can erode principal over time. Consequently, while the yield is attractive on paper, the sustainability of these payments is questionable, capping the dividend rating at a solid but cautious 4 stars. Regarding the investment thesis, the asset is currently trading near its 52-week lows, having underperformed its 200-day average by roughly 3.7%. The recent price action shows a flat-to-slightly-negative trend over the last two weeks, failing to generate any meaningful upward momentum. Although the recent news regarding the acquisition of Anfield Capital Management provides a potential catalyst for future growth, there is no immediate evidence in the price data that the market has priced this in yet. The statistical forecast model indicates a slight negative bias for the next 45 days, reinforcing the lack of short-term technical strength. Without a confirmed recovery in price momentum or clarity on whether the acquisition will materially improve the underlying income quality, the asset remains in a holding pattern. It is neither a clear buy nor a sell, leaving it in a neutral stance where the high yield compensates for the lack of capital appreciation potential.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.008034
AutoARIMA0.008358
MSTL0.008373
AutoETS0.008392

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 71%
H-stat 1.78
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.59
Attribute Value
Trailing P/E 24.20

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.78% 10.05% — —
Dividend History
Date Dividend Yield %
2026-09-25 0.190 0.784152
2026-08-26 0.175 0.704509
2026-07-27 0.200 0.813008
2026-06-29 0.224 0.900141
2026-05-28 0.190 0.760000
2026-04-27 0.683 2.723285
2026-02-27 0.115 0.450274
2025-12-24 0.739 2.911168
2025-08-22 0.146 0.577303
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 10.42

Info Dump

Attribute Value
All Time High 26.09
All Time Low 23.87
Ask 30.03
Ask Size 700
Average Daily Volume10 Day 40,790
Average Daily Volume3 Month 32,103
Average Volume 32,103
Average Volume10Days 40,790
Beta3 Year 0.0
Bid 24.02
Bid Size 500
Category High Yield Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 24.1434
Day Low 24.01
Dividend Yield 10.42
Eps Trailing Twelve Months 0.99325556
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 24.58584
Fifty Day Average Change -0.5506401
Fifty Day Average Change Percent -0.022396635
Fifty Two Week Change Percent -5.7546673
Fifty Two Week High 26.09
Fifty Two Week High Change -2.0548
Fifty Two Week High Change Percent -0.07875814
Fifty Two Week Low 23.87
Fifty Two Week Low Change 0.16519928
Fifty Two Week Low Change Percent 0.0069207908
Fifty Two Week Range 23.87 - 26.09
First Trade Date Milliseconds 1,751,981,400,000
Full Exchange Name Cboe US
Fullday Change -0.12989998
Fullday Change Percent -0.538111
Fullday Price 24.0352
Fund Family Horizon Investments
Fund Inception Date 1,751,414,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively managed ETF that seeks to achieve its investment objective by investing primarily in non-investment grade Fixed Income Instruments. The fund’s Fixed Income Instruments may include debt or debt-related securities, income producing securities, and other instruments or evidences of indebtedness, including bonds, bills, notes, loans, money market instruments, mortgage and asset backed securities, and preferred stocks, and derivative instruments related thereto; and other investment companies that invest primarily in the foregoing instruments.
Long Name Horizon Flexible Income ETF
Market us_market
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_1943259203
Nav Price 24.1506
Net Assets 80,488,768.0
Net Expense Ratio 0.82
Open 24.1434
Phone (704) 544-2399
Previous Close 24.14
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.104799
Regular Market Change Percent -0.434131
Regular Market Day High 24.1434
Regular Market Day Low 24.01
Regular Market Day Range 24.01 - 24.1434
Regular Market Open 24.1434
Regular Market Previous Close 24.14
Regular Market Price 24.0352
Regular Market Time 1,792,178,093
Regular Market Volume 5,526
Short Name Horizon Flexible Income ETF
Source Interval 15
Symbol FLXN
Total Assets 80,488,768
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 24.198404
Trailing Peg Ratio None
Trailing Three Month Nav Returns -1.29116
Trailing Three Month Returns -1.29116
Triggerable 1
Two Hundred Day Average 25.07948
Two Hundred Day Average Change -1.0442791
Two Hundred Day Average Change Percent -0.041638788
Type Disp ETF
Volume 5,526
Yield 0.1042
Ytd Return 1.7124