PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Short Interest Update

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a significant decrease in short interest in 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. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 8,261 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC purchased a new stake in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF in the first quarter worth $25,000. Operose Advisors LLC purchased a new position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF in the 2nd quarter worth about $106,000. Finally, Flow Traders U.S. LLC raised its position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF by 52.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 21,038 shares of the company’s stock worth $445,000 after purchasing an additional 7,234 shares during the last quarter.

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

Shares of NYSEARCA MFEM traded down $0.02 on Monday, reaching $28.74. 17,762 shares of the company’s stock traded hands, compared to its average volume of 19,223. The business’s 50 day simple moving average is $27.64 and its two-hundred day simple moving average is $27.37. 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. The company has a market cap of $152.90 million, a price-to-earnings ratio of 11.32 and a beta of 0.78.

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.