VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Sees Significant Drop in Short Interest

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 9 shares, a drop of 62.5% from the December 15th total of 24 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 659 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 659 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Long/Flat Trend ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC increased its stake in shares of VanEck Long/Flat Trend ETF by 5.8% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 28,700 shares of the company’s stock worth $1,527,000 after acquiring an additional 1,568 shares in the last quarter. J2 Capital Management Inc purchased a new stake in VanEck Long/Flat Trend ETF in the third quarter worth about $240,000. Finally, Financial Enhancement Group LLC increased its stake in shares of VanEck Long/Flat Trend ETF by 5.7% during the third quarter. Financial Enhancement Group LLC now owns 115,086 shares of the company’s stock valued at $6,191,000 after purchasing an additional 6,204 shares in the last quarter.

VanEck Long/Flat Trend ETF Price Performance

NYSEARCA LFEQ traded up $0.20 on Friday, reaching $54.96. 1,188 shares of the company’s stock traded hands, compared to its average volume of 1,439. The stock has a 50-day simple moving average of $54.35 and a 200 day simple moving average of $52.72. VanEck Long/Flat Trend ETF has a 12 month low of $41.58 and a 12 month high of $55.29. The stock has a market cap of $27.48 million, a PE ratio of 25.47 and a beta of 0.76.

VanEck Long/Flat Trend ETF Company Profile

The VanEck Long\u002FFlatTrend ETF (LFEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses technical signals to determine an allocation between the S&P 500 and US Treasury bills. The fund may use ETFs for equity exposure. LFEQ was launched on Oct 4, 2017 and is managed by VanEck.