VanEck Africa Index ETF (NYSEARCA:AFK) Short Interest Up 214.8% in December

VanEck Africa Index ETF (NYSEARCA:AFKGet Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 55,163 shares, an increase of 214.8% from the December 15th total of 17,521 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 72,021 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 72,021 shares, the short-interest ratio is presently 0.8 days. Approximately 1.3% of the shares of the stock are sold short.

VanEck Africa Index ETF Trading Up 2.1%

Shares of AFK stock opened at $27.94 on Tuesday. The firm has a 50-day moving average price of $25.41 and a 200 day moving average price of $23.56. VanEck Africa Index ETF has a twelve month low of $15.07 and a twelve month high of $28.11. The company has a market capitalization of $118.75 million, a price-to-earnings ratio of 11.91 and a beta of 0.73.

Hedge Funds Weigh In On VanEck Africa Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc acquired a new position in VanEck Africa Index ETF in the 3rd quarter valued at $34,000. Orion Porfolio Solutions LLC grew its position in shares of VanEck Africa Index ETF by 12.2% in the third quarter. Orion Porfolio Solutions LLC now owns 14,674 shares of the company’s stock valued at $358,000 after purchasing an additional 1,595 shares during the period. Raymond James Financial Inc. acquired a new position in VanEck Africa Index ETF in the second quarter valued at $110,000. Barometer Capital Management Inc. acquired a new position in VanEck Africa Index ETF in the third quarter valued at $139,000. Finally, City Center Advisors LLC purchased a new position in VanEck Africa Index ETF during the fourth quarter worth about $228,000.

VanEck Africa Index ETF Company Profile

(Get Free Report)

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.

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