PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Update

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 59,512 shares, an increase of 95.8% from the July 15th total of 30,401 shares. Based on an average daily trading volume, of 20,640 shares, the short-interest ratio is currently 2.9 days. Approximately 1.1% of the company’s stock are sold short.

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 purchased a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Up 0.8%

Shares of NYSEARCA:MFEM opened at $28.71 on Tuesday. The stock has a fifty day simple moving average of $27.78 and a two-hundred day simple moving average of $27.18. The stock has a market capitalization of $152.74 million, a price-to-earnings ratio of 11.32 and a beta of 0.78. 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.

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.