Short Interest in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Rises By 41,488.9%

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 3,743 shares, a growth of 41,488.9% from the December 31st total of 9 shares. Based on an average daily volume of 1,474 shares, the short-interest ratio is currently 2.5 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 1,474 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On VanEck Long/Flat Trend ETF

A number of institutional investors have recently modified their holdings of LFEQ. J2 Capital Management Inc raised its position in shares of VanEck Long/Flat Trend ETF by 11.6% in the 4th quarter. J2 Capital Management Inc now owns 5,024 shares of the company’s stock worth $272,000 after purchasing an additional 521 shares during the last quarter. Magnolia Capital Advisors LLC increased its stake in VanEck Long/Flat Trend ETF by 5.8% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 28,700 shares of the company’s stock valued at $1,527,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Financial Enhancement Group LLC raised its holdings in VanEck Long/Flat Trend ETF by 5.7% in the third quarter. Financial Enhancement Group LLC now owns 115,086 shares of the company’s stock worth $6,191,000 after buying an additional 6,204 shares during the last quarter.

VanEck Long/Flat Trend ETF Stock Up 0.4%

Shares of LFEQ opened at $55.22 on Wednesday. The stock has a market cap of $27.61 million, a P/E ratio of 25.47 and a beta of 0.76. The business’s 50 day moving average price is $54.49 and its 200-day moving average price is $53.05. VanEck Long/Flat Trend ETF has a 52 week low of $41.58 and a 52 week high of $55.29.

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.