Short Interest in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Decreases By 41.4%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEMGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 7,147 shares, a drop of 41.4% from the May 14th total of 12,187 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 9,947 shares, the short-interest ratio is currently 0.7 days.

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

A hedge fund recently bought a new stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC acquired a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEMFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Price Performance

Shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock traded down $0.42 during midday trading on Tuesday, hitting $29.46. The company had a trading volume of 9,215 shares, compared to its average volume of 18,505. The business’s 50 day simple moving average is $28.09 and its two-hundred day simple moving average is $25.93. The stock has a market cap of $156.73 million, a PE ratio of 11.32 and a beta of 0.76. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1-year low of $20.21 and a 1-year high of $30.60.

About PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

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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.

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