Short Interest in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Drops By 62.5%

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 9 shares, a decrease of 62.5% from the December 15th total of 24 shares. Based on an average daily trading volume, of 659 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 659 shares, the days-to-cover ratio is presently 0.0 days.

VanEck Long/Flat Trend ETF Stock Up 0.3%

LFEQ stock traded up $0.17 during mid-day trading on Friday, hitting $54.93. 1,188 shares of the company were exchanged, compared to its average volume of 1,439. The firm has a market capitalization of $27.47 million, a P/E ratio of 25.47 and a beta of 0.76. The business has a fifty day simple moving average of $54.35 and a 200-day simple moving average of $52.72. VanEck Long/Flat Trend ETF has a 12-month low of $41.58 and a 12-month high of $55.29.

Institutional Investors Weigh In On VanEck Long/Flat Trend ETF

Several hedge funds have recently modified their holdings of LFEQ. J2 Capital Management Inc acquired a new position in VanEck Long/Flat Trend ETF in the third quarter worth approximately $240,000. Magnolia Capital Advisors LLC lifted its position in 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 period. Finally, Financial Enhancement Group LLC raised its holdings in shares of VanEck Long/Flat Trend ETF by 26.3% in the 2nd quarter. Financial Enhancement Group LLC now owns 108,882 shares of the company’s stock worth $5,421,000 after buying an additional 22,679 shares in the last 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.