VanEck Africa Index ETF (NYSEARCA:AFK) Short Interest Update

VanEck Africa Index ETF (NYSEARCA:AFK) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 55,133 shares, an increase of 106.4% from the May 14th total of 26,708 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 112,388 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On VanEck Africa Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Texas Yale Capital Corp. acquired a new stake in VanEck Africa Index ETF during the 4th quarter valued at $1,002,000. Orion Porfolio Solutions LLC acquired a new stake in VanEck Africa Index ETF during the 2nd quarter valued at $264,000. Raymond James Financial Inc. acquired a new stake in VanEck Africa Index ETF during the 2nd quarter valued at $110,000. IFP Advisors Inc acquired a new stake in VanEck Africa Index ETF during the 3rd quarter valued at $34,000. Finally, Apollon Wealth Management LLC lifted its holdings in VanEck Africa Index ETF by 56.2% during the 1st quarter. Apollon Wealth Management LLC now owns 20,057 shares of the company’s stock valued at $516,000 after purchasing an additional 7,215 shares during the last quarter.

VanEck Africa Index ETF Price Performance

AFK stock traded up $0.82 during trading hours on Monday, reaching $27.69. The stock had a trading volume of 5,054 shares, compared to its average volume of 86,496. The stock has a market capitalization of $124.61 million, a PE ratio of 11.91 and a beta of 0.71. The stock has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $27.20. VanEck Africa Index ETF has a fifty-two week low of $19.00 and a fifty-two week high of $30.85.

VanEck Africa Index ETF Company Profile

The VanEck Africa Index ETF (AFK) is an exchange-traded fund that is based on the MVIS GDP Africa index, a GDP and market-cap-weighted index of companies generating a majority of their revenues in Africa. AFK was launched on Jul 10, 2008 and is managed by VanEck.