PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Update

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 14,989 shares, an increase of 109.7% from the May 31st total of 7,147 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 30,053 shares, the days-to-cover ratio is currently 0.5 days.

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) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 NYSEARCA MFEM traded up $0.28 during midday trading on Tuesday, reaching $28.18. The stock had a trading volume of 3,288 shares, compared to its average volume of 19,395. The company has a market capitalization of $149.92 million, a price-to-earnings ratio of 11.32 and a beta of 0.76. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 12-month low of $20.21 and a 12-month high of $30.60. The stock has a 50-day moving average of $28.50 and a 200-day moving average of $26.29.

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.