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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 800 shares, a growth of 300.0% from the August 31st total of 200 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of VanEck Long/Flat Trend ETF

An institutional investor 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 46.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,203 shares of the company’s stock after purchasing an additional 27,253 shares during the quarter. Financial Enhancement Group LLC owned about 17.24% of VanEck Long/Flat Trend ETF worth $3,927,000 at the end of the most recent reporting period.

VanEck Long/Flat Trend ETF Trading Up 0.0%

Shares of NYSEARCA LFEQ opened at $53.49 on Friday. VanEck Long/Flat Trend ETF has a 12 month low of $41.58 and a 12 month high of $53.55. The stock has a 50 day moving average of $51.72 and a 200-day moving average of $48.82. The company has a market capitalization of $27.81 million, a P/E ratio of 25.47 and a beta of 0.81.

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.