PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Down 41.4% in May

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 7,147 shares, a decrease of 41.4% from the May 14th total of 12,187 shares. Based on an average daily trading volume, of 9,947 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

A hedge fund recently raised its stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Flow Traders U.S. LLC increased its stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 560.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,842 shares of the company’s stock after buying an additional 117,804 shares during the period. Flow Traders U.S. LLC owned 2.82% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $3,126,000 at the end of the most recent reporting period.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Price Performance

MFEM stock opened at $29.46 on Wednesday. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1 year low of $20.21 and a 1 year high of $30.60. The company has a market cap of $156.73 million, a P/E ratio of 11.32 and a beta of 0.76. The firm has a 50-day moving average of $28.09 and a 200 day moving average of $25.93.

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.