VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 43,366 shares, a decrease of 37.9% from the June 30th total of 69,824 shares. Based on an average daily volume of 26,583 shares, the short-interest ratio is currently 1.6 days. Approximately 1.1% of the shares of the company are short sold.
Institutional Investors Weigh In On VanEck Africa Index ETF
Several institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc bought a new position in VanEck Africa Index ETF during the third quarter worth about $34,000. Raymond James Financial Inc. bought a new stake in shares of VanEck Africa Index ETF in the second quarter valued at approximately $110,000. Wealthfront Advisers LLC lifted its stake in shares of VanEck Africa Index ETF by 11.6% during the 4th quarter. Wealthfront Advisers LLC now owns 10,404 shares of the company’s stock valued at $278,000 after buying an additional 1,083 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of VanEck Africa Index ETF during the 4th quarter valued at approximately $295,000. Finally, WCG Wealth Advisors LLC purchased a new stake in shares of VanEck Africa Index ETF during the 3rd quarter valued at approximately $281,000.
VanEck Africa Index ETF Stock Performance
NYSEARCA:AFK traded up $0.39 during trading hours on Thursday, reaching $26.09. The stock had a trading volume of 210,359 shares, compared to its average volume of 82,642. The stock has a market cap of $96.53 million, a P/E ratio of 11.91 and a beta of 0.73. The stock has a 50 day simple moving average of $26.35 and a 200 day simple moving average of $27.22. VanEck Africa Index ETF has a 12-month low of $20.75 and a 12-month high of $30.85.
About VanEck Africa Index ETF
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.
See Also
- Five stocks we like better than VanEck Africa Index ETF
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for VanEck Africa Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Africa Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
