Short Interest in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) Declines By 66.4%

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 12,219 shares, a drop of 66.4% from the February 26th total of 36,415 shares. Based on an average daily volume of 22,578 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 22,578 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of MFEM traded up $0.37 during mid-day trading on Wednesday, hitting $25.13. 3,101 shares of the company were exchanged, compared to its average volume of 20,060. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF has a 1-year low of $16.74 and a 1-year high of $27.93. The company has a 50 day moving average of $25.82 and a 200-day moving average of $23.85. The stock has a market cap of $123.64 million, a price-to-earnings ratio of 11.32 and a beta of 0.72.

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 grew its position in PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (NYSEARCA:MFEM) by 52.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.45% of PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF worth $445,000 as of its most recent SEC filing.

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.