PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 14,989 shares, a growth 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.
Hedge Funds 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 bought a new position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 Stock Up 1.0%
NYSEARCA MFEM traded up $0.28 during trading hours on Tuesday, reaching $28.18. The company’s stock had a trading volume of 3,288 shares, compared to its average volume of 19,395. 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. The company has a market capitalization of $149.92 million, a price-to-earnings ratio of 11.32 and a beta of 0.76. The firm’s 50-day moving average price is $28.50 and its 200-day moving average price is $26.29.
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.
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