VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report) was the recipient of a significant growth in short interest in 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 company’s stock are short sold. Based on an average trading volume of 72,021 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 72,021 shares, the short-interest ratio is currently 0.8 days. Approximately 1.3% of the company’s stock are short sold.
Hedge Funds Weigh In On VanEck Africa Index ETF
Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in shares of VanEck Africa Index ETF in the 3rd quarter worth about $34,000. Raymond James Financial Inc. acquired a new position in VanEck Africa Index ETF during the 2nd quarter valued at about $110,000. Barometer Capital Management Inc. bought a new position in VanEck Africa Index ETF in the 3rd quarter worth about $139,000. Wealthfront Advisers LLC bought a new position in VanEck Africa Index ETF in the 3rd quarter worth about $227,000. Finally, City Center Advisors LLC acquired a new stake in shares of VanEck Africa Index ETF in the fourth quarter valued at approximately $228,000.
VanEck Africa Index ETF Price Performance
Shares of AFK stock opened at $27.94 on Tuesday. The firm has a fifty day moving average of $25.41 and a two-hundred day moving average of $23.56. The firm has a market cap of $118.75 million, a P/E ratio of 11.91 and a beta of 0.73. VanEck Africa Index ETF has a 1-year low of $15.07 and a 1-year high of $28.11.
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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