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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a large decrease in short interest in the month of 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 company are sold short. Based on an average daily volume of 31,292 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors 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 stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 Down 0.2%

Shares of NYSEARCA MFEM opened at $26.59 on Friday. The company has a market cap of $141.46 million, a price-to-earnings ratio of 11.32 and a beta of 0.77. 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 stock’s 50 day simple moving average is $28.11 and its 200 day simple moving average 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.