PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Sees Significant Increase in Short Interest

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 25,396 shares, a growth of 118.1% from the January 15th total of 11,646 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,405 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 18,405 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Flow Traders U.S. LLC raised its stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 560.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,842 shares of the company’s stock after buying an additional 117,804 shares during the quarter. Flow Traders U.S. LLC owned about 2.82% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $3,126,000 at the end of the most recent reporting period.

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

NYSEARCA:MFEM traded down $0.30 during mid-day trading on Thursday, hitting $26.45. 11,186 shares of the company’s stock traded hands, compared to its average volume of 15,075. The company has a market cap of $130.13 million, a PE ratio of 11.32 and a beta of 0.72. The firm’s 50 day simple moving average is $24.22 and its 200 day simple moving average is $22.94. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1 year low of $16.74 and a 1 year high of $26.88.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Company Profile

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.