PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Down 33.3% in July

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 30,401 shares, a decrease of 33.3% from the June 30th total of 45,600 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,292 shares, the days-to-cover ratio is presently 1.0 days.

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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock opened at $26.65 on Friday. The stock’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $26.93. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a one year low of $20.93 and a one year high of $30.60. The firm has a market cap of $141.78 million, a PE ratio of 11.32 and a beta of 0.77.

Institutional Trading of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

An institutional investor recently bought a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC purchased a new position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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.