Short Interest in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Expands By 109.7%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 14,989 shares, an increase of 109.7% from the May 31st total of 7,147 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 30,053 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

A hedge fund recently bought a new stake in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Bogart Wealth LLC acquired 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 disclosure with the Securities and Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $25,000.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Down 2.7%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock traded down $0.76 during mid-day trading on Wednesday, hitting $27.47. The stock had a trading volume of 204,721 shares, compared to its average volume of 20,907. The firm has a market capitalization of $146.14 million, a P/E ratio of 11.32 and a beta of 0.77. The firm’s 50 day moving average is $28.52 and its 200 day moving average is $26.36. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a one year low of $20.21 and a one year high of $30.60.

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.