PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Down 46.5% in August

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 31,828 shares, a decrease of 46.5% from the July 30th total of 59,512 shares. Based on an average trading volume of 8,261 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.6% of the company’s stock are sold short.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Down 0.1%

MFEM opened at $28.74 on Tuesday. The firm has a market cap of $152.90 million, a price-to-earnings ratio of 11.32 and a beta of 0.78. The stock has a fifty day moving average price of $27.64 and a 200-day moving average price of $27.37. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 12 month low of $21.44 and a 12 month high of $30.60.

Institutional Investors Weigh In On PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC raised its position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF by 52.4% in the second quarter. Flow Traders U.S. LLC now owns 21,038 shares of the company’s stock worth $445,000 after acquiring an additional 7,234 shares during the period. Bogart Wealth LLC purchased a new stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF in the first quarter valued at approximately $25,000. Finally, Operose Advisors LLC acquired a new stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF in the 2nd quarter worth $106,000.

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.