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

VanEck Africa Index ETF (NYSEARCA:AFK) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 10,463 shares, a decrease of 95.2% from the January 29th total of 218,442 shares. Based on an average trading volume of 63,104 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 63,104 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On VanEck Africa Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc purchased a new stake in shares of VanEck Africa Index ETF during the third quarter worth approximately $34,000. Raymond James Financial Inc. acquired a new position in VanEck Africa Index ETF during the 2nd quarter worth approximately $110,000. Barometer Capital Management Inc. acquired a new position in VanEck Africa Index ETF during the 3rd quarter worth approximately $139,000. Wealthfront Advisers LLC purchased a new stake in shares of VanEck Africa Index ETF in the 3rd quarter valued at approximately $227,000. Finally, City Center Advisors LLC acquired a new stake in shares of VanEck Africa Index ETF in the 4th quarter valued at $228,000.

VanEck Africa Index ETF Trading Up 1.1%

NYSEARCA:AFK traded up $0.34 during midday trading on Wednesday, reaching $30.52. The company had a trading volume of 54,883 shares, compared to its average volume of 91,232. VanEck Africa Index ETF has a 12-month low of $15.07 and a 12-month high of $30.85. The firm has a market capitalization of $157.18 million, a price-to-earnings ratio of 11.91 and a beta of 0.73. The stock’s fifty day simple moving average is $28.12 and its 200-day simple moving average is $25.30.

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.