PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Down 38.4% in April

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 April. As of April 30th, there was short interest totaling 8,028 shares, a decrease of 38.4% from the April 15th total of 13,025 shares. Based on an average daily volume of 12,566 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

An institutional investor recently raised its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Flow Traders U.S. LLC increased its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 560.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,842 shares of the company’s stock after purchasing an additional 117,804 shares during the quarter. Flow Traders U.S. LLC owned 2.82% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $3,126,000 as of its most recent filing with the Securities and Exchange Commission.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Down 2.3%

Shares of MFEM stock traded down $0.65 during mid-day trading on Tuesday, reaching $27.30. The stock had a trading volume of 2,826 shares, compared to its average volume of 17,849. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 12-month low of $19.81 and a 12-month high of $29.28. The company has a market cap of $145.24 million, a P/E ratio of 11.32 and a beta of 0.75. The business has a 50-day simple moving average of $26.46 and a 200 day simple moving average of $25.01.

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.