VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 36,887 shares, a decline of 76.4% from the April 15th total of 156,052 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,037 shares, the days-to-cover ratio is presently 0.6 days.
VanEck Africa Index ETF Stock Performance
NYSEARCA:AFK traded down $0.40 during mid-day trading on Wednesday, reaching $28.17. The stock had a trading volume of 48,013 shares, compared to its average volume of 87,778. The firm has a 50 day moving average price of $26.92 and a two-hundred day moving average price of $26.74. The stock has a market capitalization of $126.77 million, a P/E ratio of 11.91 and a beta of 0.71. VanEck Africa Index ETF has a one year low of $18.00 and a one year high of $30.85.
Institutional Trading of VanEck Africa Index ETF
A number of hedge funds have recently bought and sold shares of the company. IFP Advisors Inc bought a new stake in VanEck Africa Index ETF in the third quarter valued at approximately $34,000. Raymond James Financial Inc. bought a new stake in VanEck Africa Index ETF in the second quarter valued at approximately $110,000. Barometer Capital Management Inc. bought a new stake in VanEck Africa Index ETF in the third quarter valued at approximately $139,000. Wealthfront Advisers LLC bought a new stake in VanEck Africa Index ETF in the third quarter valued at approximately $227,000. Finally, City Center Advisors LLC bought a new stake in VanEck Africa Index ETF in the fourth quarter valued at approximately $228,000.
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.
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