VanEck Africa Index ETF (NYSEARCA:AFK) Short Interest Up 728.8% in February

VanEck Africa Index ETF (NYSEARCA:AFK) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 86,715 shares, an increase of 728.8% from the February 12th total of 10,463 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 76,240 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 76,240 shares, the short-interest ratio is currently 1.1 days. Approximately 1.7% of the shares of the company are short sold.

VanEck Africa Index ETF Trading Down 2.4%

AFK traded down $0.67 during trading on Wednesday, reaching $26.69. 201,097 shares of the company were exchanged, compared to its average volume of 101,479. The stock has a market cap of $137.45 million, a P/E ratio of 11.91 and a beta of 0.73. The firm has a 50 day moving average of $28.44 and a 200 day moving average of $25.75. VanEck Africa Index ETF has a 52 week low of $15.07 and a 52 week high of $30.85.

Institutional Trading of VanEck Africa Index ETF

Large investors have recently modified their holdings of the company. Orion Porfolio Solutions LLC increased its stake in shares of VanEck Africa Index ETF by 2.4% during the fourth quarter. Orion Porfolio Solutions LLC now owns 15,027 shares of the company’s stock valued at $402,000 after acquiring an additional 353 shares during the period. Wealthfront Advisers LLC lifted its position in VanEck Africa Index ETF by 11.6% in the fourth quarter. Wealthfront Advisers LLC now owns 10,404 shares of the company’s stock worth $278,000 after purchasing an additional 1,083 shares during the period. IFP Advisors Inc bought a new position in VanEck Africa Index ETF during the 3rd quarter valued at $34,000. Pekin Hardy Strauss Inc. boosted its stake in VanEck Africa Index ETF by 16.0% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 14,825 shares of the company’s stock valued at $397,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of VanEck Africa Index ETF during the 2nd quarter valued at $110,000.

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.