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

VanEck Africa Index ETF (NYSEARCA:AFK) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 43,366 shares, a decrease of 37.9% from the June 30th total of 69,824 shares. Based on an average daily volume of 26,583 shares, the short-interest ratio is presently 1.6 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Trading of VanEck Africa Index ETF

A number of hedge funds have recently bought and sold shares of the business. Texas Yale Capital Corp. purchased a new position in VanEck Africa Index ETF in the fourth quarter worth $1,002,000. IFP Advisors Inc boosted its holdings in shares of VanEck Africa Index ETF by 243.9% in the 4th quarter. IFP Advisors Inc now owns 4,777 shares of the company’s stock worth $128,000 after buying an additional 3,388 shares during the last quarter. Wealthfront Advisers LLC grew its position in VanEck Africa Index ETF by 11.6% during the fourth quarter. Wealthfront Advisers LLC now owns 10,404 shares of the company’s stock valued at $278,000 after buying an additional 1,083 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in VanEck Africa Index ETF by 16.0% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 14,825 shares of the company’s stock worth $397,000 after buying an additional 2,050 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in VanEck Africa Index ETF in the fourth quarter worth about $344,000.

VanEck Africa Index ETF Stock Performance

NYSEARCA:AFK traded up $0.39 on Thursday, hitting $26.09. The stock had a trading volume of 210,359 shares, compared to its average volume of 82,642. VanEck Africa Index ETF has a 1 year low of $20.75 and a 1 year high of $30.85. The firm’s fifty day simple moving average is $26.35 and its two-hundred day simple moving average is $27.22. The stock has a market cap of $96.53 million, a P/E ratio of 11.91 and a beta of 0.73.

About VanEck Africa Index ETF

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.