VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Short Interest Up 67.4% in August

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 822 shares, an increase of 67.4% from the August 15th total of 491 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 326 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On VanEck Long/Flat Trend ETF

A hedge fund recently raised its position in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC boosted its position in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,116 shares of the company’s stock after acquiring an additional 430 shares during the period. Financial Enhancement Group LLC owned 22.82% of VanEck Long/Flat Trend ETF worth $6,441,000 at the end of the most recent quarter.

VanEck Long/Flat Trend ETF Price Performance

LFEQ stock opened at $60.71 on Friday. The company has a 50 day moving average price of $60.45 and a 200 day moving average price of $57.95. VanEck Long/Flat Trend ETF has a fifty-two week low of $50.27 and a fifty-two week high of $61.84. The stock has a market capitalization of $3.64 million, a PE ratio of 25.47 and a beta of 0.75.

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.