AFK Stock Summary and Trading Ideas (Vaneck Africa Index ETF | ARCA:AFK)

VanEck Africa Index ETF (AFK) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS GDP Africa Index (MVAFKTR), which includes local listings of companies that are incorporated in Africa and listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.

Vaneck Africa Index ETF trades on the ARCA stock market under the symbol AFK.

As of April 19, 2024, AFK stock price climbed to $14.65 with 3,981 million shares trading.

AFK has a market cap of $40.29 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AFK stock traded as high as $23.00 and as low as $12.84.

AFK stock has underperformed the market in the last year with a return of -6.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AFK shares. However, AFK has outperformed the market in the last 3 month and 2 week periods, returning +8.0% and -2.3%, while SPY returned +4.3% and -3.5%, respectively. This indicates AFK has been having a stronger performance recently.

AFK support price is $14.39 and resistance is $14.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AFK stock will trade within this expected range on the day.