VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – Get Free Report) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 2,159 shares, a drop of 19.7% from the January 29th total of 2,687 shares. Based on an average daily volume of 665 shares, the short-interest ratio is presently 3.2 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 665 shares, the short-interest ratio is presently 3.2 days.
Institutional Investors Weigh In On VanEck Long/Flat Trend ETF
Several hedge funds have recently modified their holdings of LFEQ. Financial Enhancement Group LLC lifted its stake in shares of VanEck Long/Flat Trend ETF by 5.7% during 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 period. J2 Capital Management Inc acquired a new position in shares of VanEck Long/Flat Trend ETF in the third quarter valued at about $240,000. Finally, Magnolia Capital Advisors LLC raised its stake in shares of VanEck Long/Flat Trend ETF by 5.8% in the third quarter. Magnolia Capital Advisors LLC now owns 28,700 shares of the company’s stock worth $1,527,000 after purchasing an additional 1,568 shares during the last quarter.
VanEck Long/Flat Trend ETF Price Performance
Shares of LFEQ traded up $0.46 during midday trading on Wednesday, hitting $54.41. The stock had a trading volume of 179 shares, compared to its average volume of 1,073. VanEck Long/Flat Trend ETF has a 1 year low of $41.58 and a 1 year high of $55.29. The stock’s 50 day moving average is $54.65 and its 200 day moving average is $53.77. The firm has a market cap of $27.21 million, a PE ratio of 25.47 and a beta of 0.76.
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.
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