VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report) was the recipient of a significant 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 sold short. Based on an average trading volume of 65,672 shares, the short-interest ratio is presently 1.4 days.
VanEck Africa Index ETF Price Performance
NYSEARCA:AFK traded up $0.13 during mid-day trading on Thursday, reaching $25.90. 25,718 shares of the company’s stock traded hands, compared to its average volume of 82,822. VanEck Africa Index ETF has a 12-month low of $20.22 and a 12-month high of $30.85. The firm has a market capitalization of $99.72 million, a price-to-earnings ratio of 11.91 and a beta of 0.73. The company has a 50 day moving average price of $27.02 and a 200-day moving average price of $27.34.
Institutional Investors Weigh In On VanEck Africa Index ETF
Large investors have recently made changes to their positions in the business. IFP Advisors Inc bought a new position in shares of VanEck Africa Index ETF during 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 $110,000. Barometer Capital Management Inc. purchased a new position in VanEck Africa Index ETF during the 3rd quarter valued at $139,000. City Center Advisors LLC purchased a new position in VanEck Africa Index ETF during the 4th quarter valued at $228,000. Finally, Orion Porfolio Solutions LLC purchased a new position in VanEck Africa Index ETF during the 2nd quarter valued at $264,000.
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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