(AFK) VanEck Africa Index - Ratings and Ratios

The VanEck Africa Index ETF (NYSE ARCA:AFK) is designed to track the performance of the MVIS GDP Africa Index, a rules-based index intended to give investors exposure to African companies. The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index, which includes companies listed on African exchanges or foreign companies with significant revenue or asset exposure to Africa (at least 50%). This includes firms incorporated outside Africa but with material operations within the continent.

As of the latest data, the ETF has an average 20-day volume of 19,024 shares, with a last price of $16.74. Its short-term moving average (SMA 20) stands at $16.89, while the SMA 50 and SMA 200 are $16.41 and $16.22, respectively, indicating a slight downtrend in recent months. The Average True Range (ATR) of 0.31 suggests relatively low volatility in the funds price movements.

With assets under management (AUM) of $43.52 million, the fund represents a niche exposure to African markets. Its focus on African equities makes it a unique offering for investors seeking access to the continents growth potential.

3-Month Forecast: Based on the technical and fundamental data, the ETF is expected to remain in a consolidation phase. Support is likely to hold around $16.20 (SMA 200), while resistance is anticipated at $17.50 (historical high retest). The low average volume and tight price ranges suggest limited directional movement unless broader market sentiment shifts. Investors should monitor volume trends and macroeconomic developments in Africa for potential catalysts.