Short Interest in VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Declines By 19.7%

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 2,159 shares, a drop of 19.7% from the January 29th total of 2,687 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 665 shares, the short-interest ratio is presently 3.2 days. Based on an average daily trading volume, of 665 shares, the short-interest ratio is presently 3.2 days. Approximately 0.4% of the company’s stock are sold short.

VanEck Long/Flat Trend ETF Stock Performance

NYSEARCA:LFEQ traded down $0.55 during trading hours on Tuesday, hitting $53.95. 1,652 shares of the company’s stock traded hands, compared to its average volume of 1,096. The stock’s fifty day moving average price is $54.69 and its two-hundred day moving average price is $53.75. The firm has a market cap of $26.98 million, a P/E ratio of 25.47 and a beta of 0.76. VanEck Long/Flat Trend ETF has a twelve month low of $41.58 and a twelve month high of $55.29.

Institutional Trading of VanEck Long/Flat Trend ETF

Several institutional investors have recently made changes to their positions in the stock. J2 Capital Management Inc purchased a new position in VanEck Long/Flat Trend ETF during the third quarter valued at approximately $240,000. Magnolia Capital Advisors LLC boosted its stake in shares of VanEck Long/Flat Trend ETF by 5.8% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 28,700 shares of the company’s stock valued at $1,527,000 after buying an additional 1,568 shares during the period. Finally, Financial Enhancement Group LLC grew its holdings in shares of VanEck Long/Flat Trend ETF by 5.7% during the 3rd quarter. Financial Enhancement Group LLC now owns 115,086 shares of the company’s stock valued at $6,191,000 after acquiring an additional 6,204 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.