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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) saw 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. Based on an average daily trading volume, of 2,195 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC lifted its stake in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,116 shares of the company’s stock after buying an additional 430 shares during the period. Financial Enhancement Group LLC owned about 22.82% of VanEck Long/Flat Trend ETF worth $6,441,000 at the end of the most recent reporting period.

VanEck Long/Flat Trend ETF Price Performance

Shares of VanEck Long/Flat Trend ETF stock traded down $0.91 during midday trading on Wednesday, hitting $58.06. The company had a trading volume of 1,378 shares, compared to its average volume of 1,156. VanEck Long/Flat Trend ETF has a 1-year low of $49.61 and a 1-year high of $60.38. The business’s 50 day simple moving average is $59.28 and its two-hundred day simple moving average is $56.33. The stock has a market cap of $27.29 million, a PE ratio of 25.47 and a beta of 0.75.

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.