Short Interest in VanEck Africa Index ETF (NYSEARCA:AFK) Declines By 86.7%

VanEck Africa Index ETF (NYSEARCA:AFKGet Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 11,510 shares, a decrease of 86.7% from the February 26th total of 86,715 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 164,076 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 164,076 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of VanEck Africa Index ETF

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

VanEck Africa Index ETF Trading Up 0.7%

NYSEARCA AFK traded up $0.18 during trading hours on Tuesday, reaching $25.16. The company’s stock had a trading volume of 31,317 shares, compared to its average volume of 107,991. The business has a 50-day simple moving average of $28.13 and a 200 day simple moving average of $25.98. VanEck Africa Index ETF has a 52 week low of $15.07 and a 52 week high of $30.85. The stock has a market cap of $129.57 million, a PE ratio of 11.91 and a beta of 0.73.

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.

Further Reading

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