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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 24 shares, a decrease of 73.9% from the November 30th total of 92 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 971 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 971 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

VanEck Long/Flat Trend ETF Stock Performance

VanEck Long/Flat Trend ETF stock traded up $0.18 during mid-day trading on Thursday, reaching $55.29. The company’s stock had a trading volume of 193 shares, compared to its average volume of 1,841. The firm’s fifty day moving average price is $54.11 and its two-hundred day moving average price is $52.00. VanEck Long/Flat Trend ETF has a 12-month low of $41.58 and a 12-month high of $55.29. The company has a market capitalization of $28.75 million, a P/E ratio of 25.47 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. J2 Capital Management Inc purchased a new stake in shares of VanEck Long/Flat Trend ETF in the third quarter worth $240,000. Magnolia Capital Advisors LLC raised its stake 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 valued at $1,527,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its stake in 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.

VanEck Long/Flat Trend ETF Company Profile

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.