PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Down 46.5% in August

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 31,828 shares, a decrease of 46.5% from the July 30th total of 59,512 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 8,261 shares, the short-interest ratio is presently 3.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC increased its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF by 52.4% during the second quarter. Flow Traders U.S. LLC now owns 21,038 shares of the company’s stock worth $445,000 after buying an additional 7,234 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF during the second quarter valued at approximately $106,000. Finally, Bogart Wealth LLC acquired a new stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF during the first quarter worth approximately $25,000.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Stock Down 0.1%

Shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock traded down $0.04 on Friday, hitting $28.76. The company’s stock had a trading volume of 8,449 shares, compared to its average volume of 19,232. The company has a market capitalization of $153.00 million, a P/E ratio of 11.32 and a beta of 0.78. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 52-week low of $21.44 and a 52-week high of $30.60. The firm has a fifty day moving average price of $27.66 and a 200-day moving average price of $27.34.

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.