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

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 21 shares, a decrease 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 presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VanEck Long/Flat Trend ETF stock. Financial Enhancement Group LLC acquired a new stake in shares of VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 90,140 shares of the company’s stock, valued at approximately $5,584,000. Financial Enhancement Group LLC owned about 20.03% of VanEck Long/Flat Trend ETF at the end of the most recent quarter.

VanEck Long/Flat Trend ETF Trading Up 0.8%

Shares of LFEQ traded up $0.51 during trading hours on Monday, reaching $60.72. 807 shares of the company’s stock traded hands, compared to its average volume of 1,002. The stock has a market cap of $27.32 million, a PE ratio of 25.47 and a beta of 0.75. The firm’s 50 day simple moving average is $61.10 and its 200-day simple moving average is $57.92. VanEck Long/Flat Trend ETF has a 12 month low of $50.27 and a 12 month high of $62.15.

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.