PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,028 shares, a drop of 38.4% from the April 15th total of 13,025 shares. Based on an average trading volume of 12,566 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.
Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
A hedge fund recently bought a new stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC acquired a new position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,000 shares of the company’s stock, valued at approximately $25,000.
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Stock Performance
Shares of NYSEARCA:MFEM traded down $0.21 during midday trading on Monday, reaching $27.95. 11,650 shares of the company’s stock were exchanged, compared to its average volume of 18,009. The company’s 50 day simple moving average is $26.46 and its two-hundred day simple moving average is $25.01. The firm has a market capitalization of $148.69 million, a PE ratio of 11.32 and a beta of 0.75. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 12 month low of $19.81 and a 12 month high of $29.28.
About PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
The PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging-market companies that are selected and weighted by a combination of fundamental and technical factors. MFEM was launched on Aug 31, 2017 and is managed by PIMCO.
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