VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Shares Shorted: Short Interest Down 95.9% in September

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 33 shares, a drop of 95.9% from the September 15th total of 796 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 474 shares, the days-to-cover ratio is presently 0.1 days.

VanEck Long/Flat Trend ETF Stock Up 0.6%

Shares of LFEQ traded up $0.39 during midday trading on Friday, hitting $62.03. The company’s stock had a trading volume of 340 shares, compared to its average volume of 1,031. VanEck Long/Flat Trend ETF has a one year low of $50.27 and a one year high of $62.15. The stock has a market capitalization of $27.91 million, a price-to-earnings ratio of 25.47 and a beta of 0.75. The company’s fifty day simple moving average is $61.12 and its two-hundred day simple moving average is $58.81.

Hedge Funds Weigh In On VanEck Long/Flat Trend ETF

An institutional investor recently bought a new position in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC acquired a new stake in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 90,140 shares of the company’s stock, valued at approximately $5,584,000. Financial Enhancement Group LLC owned approximately 20.03% of VanEck Long/Flat Trend ETF at the end of the most recent quarter.

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.