VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 93,154 shares, an increase of 69.0% from the May 31st total of 55,133 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 65,672 shares, the short-interest ratio is currently 1.4 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in VanEck Africa Index ETF in the 2nd quarter worth approximately $110,000. Orion Porfolio Solutions LLC purchased a new position in shares of VanEck Africa Index ETF during the second quarter valued at approximately $264,000. Barometer Capital Management Inc. bought a new position in shares of VanEck Africa Index ETF during the third quarter valued at approximately $139,000. WCG Wealth Advisors LLC purchased a new stake in VanEck Africa Index ETF in the third quarter worth $281,000. Finally, IFP Advisors Inc purchased a new stake in VanEck Africa Index ETF in the third quarter worth $34,000.
VanEck Africa Index ETF Price Performance
Shares of NYSEARCA:AFK remained flat at $26.11 during midday trading on Friday. 31,458 shares of the stock traded hands, compared to its average volume of 82,896. The stock’s 50 day simple moving average is $26.99 and its 200 day simple moving average is $27.34. The stock has a market cap of $100.52 million, a PE ratio of 11.91 and a beta of 0.73. VanEck Africa Index ETF has a 52-week low of $20.22 and a 52-week high of $30.85.
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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