Short Interest in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Declines By 33.3%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 30,401 shares, a drop of 33.3% from the June 30th total of 45,600 shares. Based on an average daily trading volume, of 31,292 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

An institutional investor recently bought a new stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC bought a new position in shares of 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. The institutional investor bought 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 opened at $26.65 on Friday. The firm has a 50-day moving average of $28.14 and a 200-day moving average of $26.93. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 52-week low of $20.93 and a 52-week high of $30.60. The stock has a market cap of $141.78 million, a PE ratio of 11.32 and a beta of 0.77.

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.