Short Interest in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Grows By 95.8%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 59,512 shares, a growth of 95.8% from the July 15th total of 30,401 shares. Based on an average daily volume of 20,640 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

A hedge fund recently bought a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC purchased a new stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock traded up $0.07 on Friday, hitting $28.47. 1,463 shares of the company traded hands, compared to its average volume of 19,545. The stock has a market capitalization of $151.46 million, a P/E ratio of 11.32 and a beta of 0.78. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 52 week low of $21.44 and a 52 week high of $30.60. The business has a 50-day simple moving average of $27.77 and a 200 day simple moving average of $27.15.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Company Profile

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.