PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Sees Large Decline in Short Interest

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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Up 3.3%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock traded up $0.95 during mid-day trading on Monday, reaching $29.88. The company had a trading volume of 205,829 shares, compared to its average volume of 18,588. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a fifty-two week low of $20.21 and a fifty-two week high of $30.60. The company has a market cap of $158.96 million, a P/E ratio of 11.32 and a beta of 0.76. The business has a fifty day simple moving average of $28.00 and a 200 day simple moving average of $25.88.

Institutional Trading of 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 bought a new stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,000 shares of the company’s stock, valued at approximately $25,000.

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.