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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,700 shares, a growth of 142.9% from the May 15th total of 700 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 2,100 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On VanEck Long/Flat Trend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Enhancement Group LLC lifted its position in shares of VanEck Long/Flat Trend ETF by 46.2% in the first quarter. Financial Enhancement Group LLC now owns 86,203 shares of the company’s stock valued at $3,927,000 after buying an additional 27,253 shares during the last quarter. Napa Wealth Management bought a new position in VanEck Long/Flat Trend ETF during the first quarter worth $493,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of VanEck Long/Flat Trend ETF in the fourth quarter valued at $371,000. Finally, Raymond James Financial Inc. bought a new position in shares of VanEck Long/Flat Trend ETF in the fourth quarter valued at about $270,000.

VanEck Long/Flat Trend ETF Price Performance

LFEQ stock traded down $0.55 during mid-day trading on Friday, reaching $47.47. The company had a trading volume of 1,315 shares, compared to its average volume of 1,981. The stock has a 50 day simple moving average of $46.29 and a two-hundred day simple moving average of $48.50. VanEck Long/Flat Trend ETF has a 52 week low of $41.58 and a 52 week high of $51.75. The company has a market capitalization of $23.74 million, a price-to-earnings ratio of 25.47 and a beta of 0.78.

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.