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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 84 shares, a decline of 45.8% from the June 30th total of 155 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,195 shares, the days-to-cover ratio is presently 0.0 days.

VanEck Long/Flat Trend ETF Stock Performance

LFEQ stock traded up $0.51 during midday trading on Friday, reaching $59.50. The stock had a trading volume of 748 shares, compared to its average volume of 1,157. The stock has a market cap of $27.96 million, a PE ratio of 25.47 and a beta of 0.75. The firm has a fifty day simple moving average of $59.26 and a two-hundred day simple moving average of $56.39. VanEck Long/Flat Trend ETF has a 52-week low of $49.61 and a 52-week high of $60.38.

Institutional Inflows and Outflows

A hedge fund recently raised its position in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC increased its position in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,116 shares of the company’s stock after purchasing an additional 430 shares during the quarter. Financial Enhancement Group LLC owned 22.82% of VanEck Long/Flat Trend ETF worth $6,441,000 as of its most recent SEC filing.

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.