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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a large growth in short interest in 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. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 20,640 shares, the short-interest ratio is currently 2.9 days.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Up 0.2%

Shares of MFEM stock traded up $0.07 on Friday, reaching $28.47. The company’s stock had a trading volume of 1,463 shares, compared to its average volume of 19,545. The stock’s fifty day simple moving average is $27.77 and its 200-day simple moving average is $27.15. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1 year low of $21.44 and a 1 year high of $30.60. The company has a market capitalization of $151.46 million, a price-to-earnings ratio of 11.32 and a beta of 0.78.

Hedge Funds Weigh In On 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 stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) during the 1st quarter, according to 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 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.