VanEck Long/Flat Trend ETF (NYSEARCA:LFEQ) Short Interest Down 25.7% in March
by Amy Steele · The Cerbat GemVanEck Long/Flat Trend ETF (NYSEARCA:LFEQ – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 440 shares, a decline of 25.7% from the March 15th total of 592 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 553 shares, the short-interest ratio is presently 0.8 days.
Institutional Trading of VanEck Long/Flat Trend ETF
Large investors have recently made changes to their positions in the stock. J2 Capital Management Inc bought a new stake in shares of VanEck Long/Flat Trend ETF in the third quarter worth approximately $240,000. Magnolia Capital Advisors LLC grew its position in VanEck Long/Flat Trend ETF by 5.8% during the third 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 boosted its position in shares of VanEck Long/Flat Trend ETF by 5.7% in the third quarter. Financial Enhancement Group LLC now owns 115,086 shares of the company’s stock worth $6,191,000 after purchasing an additional 6,204 shares during the period.
VanEck Long/Flat Trend ETF Stock Up 0.9%
VanEck Long/Flat Trend ETF stock traded up $0.48 during trading hours on Wednesday, hitting $55.65. The stock had a trading volume of 443 shares, compared to its average volume of 918. The stock has a market capitalization of $27.83 million, a P/E ratio of 25.47 and a beta of 0.73. VanEck Long/Flat Trend ETF has a 12-month low of $45.39 and a 12-month high of $55.65. The stock’s 50-day moving average price is $53.48 and its 200-day moving average price is $53.95.
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.