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

VanEck Africa Index ETF (NYSEARCA:AFK) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 55,163 shares, a growth of 214.8% from the December 15th total of 17,521 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 72,021 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 72,021 shares, the short-interest ratio is currently 0.8 days. Approximately 1.3% of the shares of the company are sold short.

VanEck Africa Index ETF Stock Performance

Shares of NYSEARCA AFK traded up $0.13 during midday trading on Wednesday, hitting $28.03. 77,232 shares of the company’s stock traded hands, compared to its average volume of 90,870. The firm has a fifty day moving average of $25.50 and a 200 day moving average of $23.62. VanEck Africa Index ETF has a 1 year low of $15.07 and a 1 year high of $28.25. The stock has a market capitalization of $126.14 million, a price-to-earnings ratio of 11.91 and a beta of 0.73.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AFK. IFP Advisors Inc bought a new stake in shares of VanEck Africa Index ETF during the 3rd quarter valued at $34,000. Raymond James Financial Inc. bought a new stake in VanEck Africa Index ETF during the second quarter valued at about $110,000. Barometer Capital Management Inc. purchased a new stake in VanEck Africa Index ETF in the third quarter worth about $139,000. Wealthfront Advisers LLC purchased a new stake in VanEck Africa Index ETF in the third quarter worth about $227,000. Finally, City Center Advisors LLC bought a new position in shares of VanEck Africa Index ETF in the fourth quarter worth about $228,000.

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.