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

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 11,646 shares, a growth of 42.3% from the December 31st total of 8,182 shares. Based on an average trading volume of 11,037 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 11,037 shares, the days-to-cover ratio is presently 1.1 days.

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

An institutional investor recently raised its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF stock. Flow Traders U.S. LLC lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 52.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,038 shares of the company’s stock after acquiring an additional 7,234 shares during the quarter. Flow Traders U.S. LLC owned 0.45% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $445,000 at the end of the most recent quarter.

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF Trading Down 0.4%

Shares of NYSEARCA MFEM opened at $25.25 on Tuesday. The stock has a 50 day moving average of $23.71 and a two-hundred day moving average of $22.72. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a twelve month low of $16.74 and a twelve month high of $26.34. The stock has a market cap of $124.23 million, a P/E ratio of 11.32 and a beta of 0.72.

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.