VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Stock Short Interest Falls 36.4%

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 21 shares, a decline of 36.4% from the September 30th total of 33 shares. Based on an average daily volume of 716 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On VanEck Long/Flat Trend ETF

A hedge fund recently bought a new position in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC purchased a new stake in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 90,140 shares of the company’s stock, valued at approximately $5,584,000. Financial Enhancement Group LLC owned 20.03% of VanEck Long/Flat Trend ETF at the end of the most recent reporting period.

VanEck Long/Flat Trend ETF Trading Up 0.8%

Shares of NYSEARCA:LFEQ traded up $0.51 during trading on Monday, reaching $60.72. 807 shares of the company traded hands, compared to its average volume of 1,002. VanEck Long/Flat Trend ETF has a 52-week low of $50.27 and a 52-week high of $62.15. The business’s fifty day moving average is $61.10 and its 200-day moving average is $57.92. The firm has a market capitalization of $27.32 million, a price-to-earnings ratio of 25.47 and a beta of 0.75.

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.