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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a large 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 company’s stock are short sold. Based on an average daily trading volume, of 1,438 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

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% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,116 shares of the company’s stock after acquiring an additional 430 shares during the quarter. Financial Enhancement Group LLC owned 22.82% of VanEck Long/Flat Trend ETF worth $6,441,000 at the end of the most recent quarter.

VanEck Long/Flat Trend ETF Stock Down 0.2%

NYSEARCA:LFEQ traded down $0.11 during trading hours on Friday, hitting $61.21. 843 shares of the company traded hands, compared to its average volume of 1,119. The company has a market cap of $28.77 million, a PE ratio of 25.47 and a beta of 0.75. The firm’s 50-day simple moving average is $59.99 and its 200-day simple moving average is $57.30. VanEck Long/Flat Trend ETF has a one year low of $50.27 and a one year high of $61.84.

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.