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

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

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

An institutional investor 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 1st quarter, according to its most recent filing with the Securities and 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 MFEM stock traded down $0.06 during midday trading on Friday, reaching $26.59. 24,007 shares of the company were exchanged, compared to its average volume of 20,327. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 12 month low of $20.93 and a 12 month high of $30.60. The company has a market cap of $141.46 million, a P/E ratio of 11.32 and a beta of 0.77. The company’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $26.93.

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.