VanEck Africa Index ETF (NYSEARCA:AFK) Short Interest Up 484.4% in December

VanEck Africa Index ETF (NYSEARCA:AFK) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 17,521 shares, an increase of 484.4% from the November 30th total of 2,998 shares. Based on an average daily volume of 42,897 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 42,897 shares, the short-interest ratio is presently 0.4 days.

VanEck Africa Index ETF Trading Up 0.6%

AFK opened at $26.92 on Friday. The stock has a market capitalization of $98.26 million, a P/E ratio of 11.91 and a beta of 0.73. The stock has a 50-day moving average price of $24.74 and a 200-day moving average price of $22.94. VanEck Africa Index ETF has a 12-month low of $15.07 and a 12-month high of $27.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Synergy Asset Management LLC bought a new stake in shares of VanEck Africa Index ETF in the third quarter worth about $2,536,000. Wealthfront Advisers LLC bought a new position in VanEck Africa Index ETF during the 3rd quarter valued at approximately $227,000. Pekin Hardy Strauss Inc. purchased a new stake in VanEck Africa Index ETF in the 3rd quarter worth approximately $311,000. Barometer Capital Management Inc. bought a new stake in shares of VanEck Africa Index ETF in the 3rd quarter worth approximately $139,000. Finally, IFP Advisors Inc purchased a new position in shares of VanEck Africa Index ETF during the third quarter valued at approximately $34,000.

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.