PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 31,828 shares, a drop of 46.5% from the July 30th total of 59,512 shares. Based on an average daily trading volume, of 8,261 shares, the short-interest ratio is currently 3.9 days. Approximately 0.6% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in MFEM. Bogart Wealth LLC acquired a new position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF in the 1st quarter valued at about $25,000. Operose Advisors LLC purchased a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF in the second quarter valued at approximately $106,000. Finally, Flow Traders U.S. LLC lifted its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF by 52.4% during the second quarter. Flow Traders U.S. LLC now owns 21,038 shares of the company’s stock valued at $445,000 after buying an additional 7,234 shares in the last quarter.
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Price Performance
NYSEARCA:MFEM traded down $0.04 during trading hours on Friday, reaching $28.76. 8,449 shares of the company were exchanged, compared to its average volume of 19,232. The firm has a market cap of $153.00 million, a price-to-earnings 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 stock has a 50 day simple moving average of $27.66 and a 200 day simple moving average of $27.34.
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.
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