VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 33 shares, a decrease of 95.9% from the September 15th total of 796 shares. Based on an average daily volume of 474 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
VanEck Long/Flat Trend ETF Stock Up 0.6%
Shares of LFEQ stock traded up $0.39 during mid-day trading on Friday, hitting $62.03. 340 shares of the company’s stock were exchanged, compared to its average volume of 1,031. The stock has a market cap of $27.91 million, a price-to-earnings ratio of 25.47 and a beta of 0.75. VanEck Long/Flat Trend ETF has a fifty-two week low of $50.27 and a fifty-two week high of $62.15. The stock has a 50-day simple moving average of $61.12 and a two-hundred day simple moving average of $58.81.
Institutional Trading of VanEck Long/Flat Trend ETF
An institutional investor recently raised its stake in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC raised its holdings in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,116 shares of the company’s stock after buying an additional 430 shares during the quarter. 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 quarter.
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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