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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 7,147 shares, a drop of 41.4% from the May 14th total of 12,187 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,947 shares, the short-interest ratio is currently 0.7 days.

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

Shares of NYSEARCA MFEM traded up $0.95 during trading hours on Monday, hitting $29.88. 205,829 shares of the stock were exchanged, compared to its average volume of 18,588. The company has a market cap of $158.96 million, a PE ratio of 11.32 and a beta of 0.76. The company’s fifty day simple moving average is $28.00 and its two-hundred day simple moving average is $25.88. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1-year low of $20.21 and a 1-year high of $30.60.

Institutional Trading of 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 shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 52.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,038 shares of the company’s stock after acquiring an additional 7,234 shares during the period. Flow Traders U.S. LLC owned about 0.45% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

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.