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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 491 shares, a growth of 157.1% from the July 30th total of 191 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,438 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Long/Flat Trend ETF Price Performance

NYSEARCA LFEQ opened at $61.32 on Friday. The company has a market cap of $28.82 million, a price-to-earnings ratio of 25.47 and a beta of 0.75. The stock’s fifty day moving average price is $59.95 and its 200 day moving average price is $57.27. VanEck Long/Flat Trend ETF has a 1 year low of $50.27 and a 1 year high of $61.84.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC lifted its position in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 0.4% in 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 purchasing an additional 430 shares during the quarter. Financial Enhancement Group LLC owned about 22.82% of VanEck Long/Flat Trend ETF worth $6,441,000 as of its most recent SEC filing.

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.