For investors seeking momentum, Alpha Architect 1-3 Month Box ETF (BOXX Quick QuoteBOXX - Free Report) is probably on the radar. The fund just hit a 52-week high and has risen 4.04% from its 52-week low price of $114.28/share.

But are there more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea of where it might head:

BOXX in Focus

It is an active fund and provides access to a “box spread.” It seeks to provide investment results that equal or exceed the price and yield performance of an investment that tracks the 1-3-month sector of the United States Treasury Bill market. The product charges 19 bps in annual fees (See: All Derivative-Based ETFs).

Why the Move?

The short-term corner of the Treasury market has been an area to watch lately, given the current stock market volatility. Following the Democrats' sweeping victory in the midterm elections, concerns about increased scrutiny of AI investments and potential regulatory headwinds have intensified, adding to selling pressure across equity markets.

On Thursday, the Nasdaq Composite plunged approximately 5.5%, pushing the index into correction territory and prompting investors to seek cash-like assets to mitigate risk, potentially providing a tailwind for the fund.

More Gains Ahead?

BOXX might continue its strong performance in the near term, with a positive weighted alpha of 3.99 (as per Barchart.com), which gives cues of a further rally.