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Prospr Aligned Celebrates One-Year Anniversary of AKAF, Alaska's First Investable Economic Index
Business Wire (Tue, 7-Jul 12:00 PM ET)
The Frontier Economic Fund seeks to track the performance of The Alaska Last Frontier Index, a rules-based strategy index designed by Vident to capture the economic footprint of companies with meaningful exposure to the State of Alaska. The Index identifies and emphasizes firms doing business in Alaska including natural resource utilization, economic development, operational presence, and participation in state-sponsored initiatives. By tracking this Index, the Fund aims to provide investors with targeted exposure to companies that contribute to and benefit from Alaska's unique economic landscape, emphasizing those with the greatest alignment to the state's growth and opportunity. Eligible companies are weighted according to their market capitalization tier, defined as large-cap for all stocks in the top 70% of the investable universe by market capitalization, mid-cap for the next 20%, and small-cap for the remaining stocks. Upward adjustments to weighting are made programmatically to emphasize companies belonging to sectors that are particularly significant to Alaska's economy as measured by Alaska's share of U.S. GDP attributable to that sector.
Frontier Economic trades on the NYSE stock market under the symbol AKAF.
As of September 11, 2026, AKAF stock price was flat at $32.38 with 7 million shares trading.
AKAF has a market cap of $2.91 million. This is considered a Sub-Micro Cap stock.
AKAF has outperformed the market in the last year with a return of +17.4%, while the SPY ETF gained +17.4%. However, in the most recent history, AKAF shares have underperformed the stock market with its stock returning +0.2% in the last 3 month period and -3.1% for the last 2 week period, while SPY has returned +3.9% and -0.7%, respectively.
AKAF support price is $32.11 and resistance is $32.65 (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 AKAF shares will trade within this expected range on the day.
