VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Shares Shorted: Short Interest Down 36.4% in October

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 21 shares, a decrease of 36.4% from the September 30th total of 33 shares. Based on an average trading volume of 716 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On VanEck Long/Flat Trend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of LFEQ. MGO One Seven LLC bought a new stake in VanEck Long/Flat Trend ETF during the 3rd quarter valued at about $212,000. Commonwealth Equity Services LLC acquired a new stake in VanEck Long/Flat Trend ETF during the third quarter worth $704,000. Finally, Financial Enhancement Group LLC purchased a new position in shares of VanEck Long/Flat Trend ETF during the third quarter worth $5,584,000.

VanEck Long/Flat Trend ETF Stock Up 0.5%

Shares of NYSEARCA:LFEQ traded up $0.32 during midday trading on Tuesday, reaching $60.22. 120 shares of the company traded hands, compared to its average volume of 1,012. The firm’s fifty day moving average price is $61.08 and its two-hundred day moving average price is $57.95. The firm has a market capitalization of $27.10 million, a price-to-earnings ratio of 25.47 and a beta of 0.75. VanEck Long/Flat Trend ETF has a 12 month low of $50.27 and a 12 month high of $62.15.

About VanEck Long/Flat Trend ETF

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.