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

VanEck Africa Index ETF (NYSEARCA:AFK) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 218,442 shares, a growth of 181.6% from the January 15th total of 77,560 shares. Based on an average trading volume of 146,127 shares, the short-interest ratio is currently 1.5 days. Approximately 4.2% of the shares of the stock are short sold. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 146,127 shares, the short-interest ratio is currently 1.5 days.

VanEck Africa Index ETF Price Performance

NYSEARCA AFK traded up $0.70 during trading hours on Friday, reaching $29.27. The company’s stock had a trading volume of 29,294 shares, compared to its average volume of 98,161. VanEck Africa Index ETF has a 1-year low of $15.07 and a 1-year high of $30.85. The company’s 50-day moving average is $27.43 and its two-hundred day moving average is $24.81. The firm has a market capitalization of $150.74 million, a price-to-earnings ratio of 11.91 and a beta of 0.73.

Institutional Investors Weigh In On VanEck Africa Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AFK. Orion Porfolio Solutions LLC grew its holdings in shares of VanEck Africa Index ETF by 2.4% during the fourth quarter. Orion Porfolio Solutions LLC now owns 15,027 shares of the company’s stock worth $402,000 after buying an additional 353 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of VanEck Africa Index ETF by 11.6% in the 4th quarter. Wealthfront Advisers LLC now owns 10,404 shares of the company’s stock valued at $278,000 after purchasing an additional 1,083 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of VanEck Africa Index ETF in the third quarter valued at approximately $34,000. Pekin Hardy Strauss Inc. increased its holdings in shares of VanEck Africa Index ETF by 16.0% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 14,825 shares of the company’s stock valued at $397,000 after purchasing an additional 2,050 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of VanEck Africa Index ETF during the second quarter worth approximately $110,000.

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.