Insider Cluster (3 insiders) ·Filed Feb 27, 2026
Insider cluster: 3 insiders, $0.1M total
Actionable Insight • Neutral
Monitor for additional insider buying in coming weeks — sustained accumulation could signal confidence in the fund's strategy or upcoming positioning changes.
Final: all horizons settled through T+60d
NFRX ▼ -3.14% at T+60d
NEUTRAL call -3.14% · α vs SPY -14.44% · entry $26.93 → $26.08
T+1d
-0.74%
call -0.74% · α +0.57%
$26.73
settled 8mo ago
T+5d
-1.56%
call -1.56% · α +0.68%
$26.51
settled 8mo ago
T+20d
+0.04%
call +0.04% · α +3.82%
$26.94
settled 7mo ago
T+60d
-3.14%
call -3.14% · α -14.44%
$26.08
settled 5mo ago
Price Chart
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Executive Summary
Three insiders at 2023 ETF Series Trust (NFRX) made open-market purchases totaling approximately $51,764 in the past week, including notable buys by Robert Becker and Hasan Ali Goncu. These transactions represent modest, self-directed investments in the ETF with no immediate material impact on fund operations.
Key Financial Metrics
Direction
buying
Total Value
$51.8K
Insiders
3
Key Facts
- Three insiders purchased NFRX shares in open-market transactions between February 27 and March 4, 2026.
- Total value of purchases: $51,764.168 (Becker: $27,745; Goncu: $22,220.80; Frazier: $1,798.368).
- All transactions were open-market purchases (P), indicating direct confidence in the fund.
- NFRX is an ETF, so insider trading activity typically carries less signal than for operating companies.
Financial Impact
$51,764 in insider buying over 7 days
insider sentimentshare demand
Risk Factors
- ETF insiders often trade based on personal portfolio allocation, not material non-public information.
- Small transaction sizes suggest limited conviction or capacity constraints.
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-NFRX-1772727021217 |
2 reports for NFRX
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Feb 27, 2026 34w ago | Insider Cluster | $26.93 $26.94 | ▲ +0.04% | ▲ +3.82% | $26.28 (−2.42%) |
Feb 27, 2026 34w ago | Insider Cluster | $27.17 $26.64 | ▼ −1.95% | ▲ +2.45% | $26.28 (−3.28%) |
Showing 2 of 2
US Market Status
Market Closed · Opens in 3h 45m
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