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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 38,221 shares, a growth of 50.5% from the January 29th total of 25,396 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 15,777 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 15,777 shares, the short-interest ratio is currently 2.4 days. Currently, 0.8% of the shares of the company are sold short.

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

NYSEARCA:MFEM opened at $27.76 on Friday. The firm’s fifty day moving average is $25.15 and its two-hundred day moving average is $23.39. The firm has a market cap of $136.58 million, a price-to-earnings ratio of 11.32 and a beta of 0.72. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a one year low of $16.74 and a one year high of $27.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Flow Traders U.S. LLC raised its stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 560.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,842 shares of the company’s stock after acquiring an additional 117,804 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.82% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $3,126,000 at the end of the most recent reporting period.

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.