VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – Get Free Report) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 491 shares, an increase of 157.1% from the July 30th total of 191 shares. Based on an average daily trading volume, of 1,438 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.
Hedge Funds 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 boosted its stake in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – Free Report) by 0.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,116 shares of the company’s stock after purchasing 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 reporting period.
VanEck Long/Flat Trend ETF Stock Performance
Shares of NYSEARCA LFEQ opened at $61.32 on Friday. The company has a market cap of $28.82 million, a PE ratio of 25.47 and a beta of 0.75. The business has a 50-day simple moving average of $59.95 and a two-hundred day simple moving average of $57.27. VanEck Long/Flat Trend ETF has a fifty-two week low of $50.27 and a fifty-two week high of $61.84.
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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