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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 900 shares, agrowthof28.6% from the July 15th total of 700 shares. Currently,0.2% of the shares of the company are sold short. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 0.6 days. Currently,0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Long/Flat Trend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of VanEck Long/Flat Trend ETF during the fourth quarter worth $270,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of VanEck Long/Flat Trend ETF during the fourth quarter worth $371,000. Napa Wealth Management purchased a new position in shares of VanEck Long/Flat Trend ETF during the first quarter worth $493,000. Finally, Financial Enhancement Group LLC boosted its position in shares of VanEck Long/Flat Trend ETF by 46.2% during the first quarter. Financial Enhancement Group LLC now owns 86,203 shares of the company’s stock worth $3,927,000 after buying an additional 27,253 shares during the period.

VanEck Long/Flat Trend ETF Trading Up 1.5%

Shares of LFEQ stock opened at $51.44 on Friday. The company has a market capitalization of $26.75 million, a P/E ratio of 25.47 and a beta of 0.81. The business’s 50 day moving average is $49.90 and its two-hundred day moving average is $48.28. VanEck Long/Flat Trend ETF has a 12-month low of $41.58 and a 12-month high of $51.75.

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.