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

VanEck Africa Index ETF (NYSEARCA:AFK) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 27,900 shares, a growth of 304.3% from the May 15th total of 6,900 shares. Based on an average daily volume of 20,900 shares, the short-interest ratio is presently 1.3 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFK. North Capital Inc. acquired a new stake in shares of VanEck Africa Index ETF during the first quarter worth approximately $35,000. Yoffe Investment Management LLC acquired a new stake in shares of VanEck Africa Index ETF during the fourth quarter worth approximately $362,000. SBI Securities Co. Ltd. acquired a new stake in shares of VanEck Africa Index ETF during the fourth quarter worth approximately $378,000. Flow Traders U.S. LLC acquired a new stake in shares of VanEck Africa Index ETF during the first quarter worth approximately $1,660,000. Finally, Jane Street Group LLC increased its holdings in shares of VanEck Africa Index ETF by 33.8% during the fourth quarter. Jane Street Group LLC now owns 256,169 shares of the company’s stock worth $3,963,000 after buying an additional 64,754 shares in the last quarter.

VanEck Africa Index ETF Stock Down 1.4%

Shares of AFK opened at $19.55 on Friday. The stock has a market cap of $49.85 million, a price-to-earnings ratio of 8.53 and a beta of 0.69. VanEck Africa Index ETF has a 12 month low of $14.45 and a 12 month high of $20.24. The company has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $17.11.

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.