Short Interest in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Grows By 127.4%

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 191 shares, a growth of 127.4% from the July 15th total of 84 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,002 shares, the days-to-cover ratio is currently 0.2 days.

VanEck Long/Flat Trend ETF Price Performance

Shares of LFEQ stock opened at $61.72 on Friday. The stock’s fifty day moving average price is $59.58 and its 200 day moving average price is $56.87. VanEck Long/Flat Trend ETF has a 1-year low of $50.27 and a 1-year high of $61.84. The company has a market cap of $29.01 million, a price-to-earnings ratio of 25.47 and a beta of 0.75.

Institutional Investors Weigh In On VanEck Long/Flat Trend ETF

An institutional investor recently raised its stake in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC lifted its holdings in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 114,116 shares of the company’s stock after acquiring an additional 430 shares during the period. Financial Enhancement Group LLC owned approximately 22.82% of VanEck Long/Flat Trend ETF worth $6,441,000 at the end of the most recent quarter.

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.