VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Short Interest Update

VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 3,743 shares, an increase of 41,488.9% from the December 31st total of 9 shares. Based on an average daily volume of 1,474 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.7% of the company’s stock are short sold. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,474 shares, the days-to-cover ratio is presently 2.5 days.

VanEck Long/Flat Trend ETF Stock Performance

Shares of LFEQ opened at $55.23 on Thursday. The firm has a market cap of $27.62 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. The firm’s 50 day moving average price is $54.53 and its two-hundred day moving average price is $53.06.

Hedge Funds Weigh In On VanEck Long/Flat Trend ETF

A number of large investors have recently added to or reduced their stakes in the company. Financial Enhancement Group LLC raised its stake in shares of VanEck Long/Flat Trend ETF by 5.7% in the 3rd quarter. Financial Enhancement Group LLC now owns 115,086 shares of the company’s stock valued at $6,191,000 after purchasing an additional 6,204 shares during the period. J2 Capital Management Inc acquired a new stake in VanEck Long/Flat Trend ETF in the 3rd quarter valued at approximately $240,000. Finally, Magnolia Capital Advisors LLC lifted its stake in VanEck Long/Flat Trend ETF by 5.8% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 28,700 shares of the company’s stock valued at $1,527,000 after acquiring an additional 1,568 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.