VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Short Interest Update

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 2,687 shares, a decrease of 28.2% from the January 15th total of 3,743 shares. Based on an average trading volume of 715 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 715 shares, the days-to-cover ratio is currently 3.8 days.

VanEck Long/Flat Trend ETF Price Performance

Shares of LFEQ traded down $0.01 during mid-day trading on Monday, reaching $54.06. 282 shares of the company’s stock traded hands, compared to its average volume of 909. The stock has a market cap of $27.03 million, a P/E ratio of 25.47 and a beta of 0.76. VanEck Long/Flat Trend ETF has a 12 month low of $41.58 and a 12 month high of $55.29. The stock’s 50-day moving average is $54.68 and its two-hundred day moving average is $53.48.

Institutional Trading of VanEck Long/Flat Trend ETF

Institutional investors have recently modified their holdings of the stock. Financial Enhancement Group LLC lifted its stake in VanEck Long/Flat Trend ETF by 5.7% in the 3rd quarter. Financial Enhancement Group LLC now owns 115,086 shares of the company’s stock worth $6,191,000 after purchasing an additional 6,204 shares in the last quarter. J2 Capital Management Inc purchased a new position in VanEck Long/Flat Trend ETF during the third quarter worth approximately $240,000. Finally, Magnolia Capital Advisors LLC boosted its stake in VanEck Long/Flat Trend ETF by 5.8% during the third quarter. Magnolia Capital Advisors LLC now owns 28,700 shares of the company’s stock worth $1,527,000 after buying an additional 1,568 shares during the last quarter.

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.