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 September. As of September 15th, there was short interest totaling 126,252 shares, a growth of 186.5% from the August 31st total of 44,069 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily volume of 72,875 shares, the short-interest ratio is currently 1.7 days.

VanEck Africa Index ETF Trading Up 0.5%

Shares of VanEck Africa Index ETF stock traded up $0.13 during trading on Friday, hitting $28.66. The stock had a trading volume of 88,114 shares, compared to its average volume of 76,990. VanEck Africa Index ETF has a 12 month low of $23.00 and a 12 month high of $30.85. The firm has a market cap of $103.18 million, a price-to-earnings ratio of 11.91 and a beta of 0.74. The business’s 50-day moving average is $28.16 and its 200 day moving average is $27.21.

Hedge Funds Weigh In On VanEck Africa Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Texas Yale Capital Corp. bought a new position in VanEck Africa Index ETF in the 4th quarter worth about $1,002,000. Citadel Advisors LLC purchased a new stake in shares of VanEck Africa Index ETF in the 2nd quarter valued at about $305,000. Apollon Wealth Management LLC boosted its position in shares of VanEck Africa Index ETF by 56.2% during the 1st quarter. Apollon Wealth Management LLC now owns 20,057 shares of the company’s stock valued at $516,000 after acquiring an additional 7,215 shares during the last quarter. IFP Advisors Inc boosted its position in shares of VanEck Africa Index ETF by 243.9% during the 4th quarter. IFP Advisors Inc now owns 4,777 shares of the company’s stock valued at $128,000 after acquiring an additional 3,388 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of VanEck Africa Index ETF during the second quarter worth about $28,000.

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.