PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Get Free Report) was the recipient of a significant 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 trading volume of 20,640 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.1% of the company’s stock are short sold.
PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Stock Up 0.8%
Shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock traded up $0.24 during midday trading on Monday, hitting $28.71. The company had a trading volume of 6,770 shares, compared to its average volume of 19,463. The company has a fifty day simple moving average of $27.77 and a 200 day simple moving average of $27.16. The stock has a market cap 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.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC acquired a new position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $25,000.
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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