Short Interest in PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Grows By 70.5%

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 50,918 shares, an increase of 70.5% from the January 29th total of 29,867 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 22,061 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 22,061 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.5% of the company’s shares are sold short.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Down 1.3%

Shares of MFDX stock traded down $0.58 on Monday, reaching $42.34. 6,444 shares of the stock were exchanged, compared to its average volume of 29,498. The firm has a 50 day moving average of $40.58 and a two-hundred day moving average of $38.40. The stock has a market cap of $448.83 million, a P/E ratio of 14.93 and a beta of 0.73. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 1-year low of $28.52 and a 1-year high of $43.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 78,759 shares of the company’s stock worth $3,026,000 after buying an additional 1,012 shares during the period. JPMorgan Chase & Co. boosted its position in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 23.0% during the 4th quarter. JPMorgan Chase & Co. now owns 132,503 shares of the company’s stock worth $5,092,000 after acquiring an additional 24,753 shares during the period. Finally, EQ Wealth Advisors LLC increased its holdings in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 70.1% in the fourth quarter. EQ Wealth Advisors LLC now owns 9,445 shares of the company’s stock valued at $363,000 after buying an additional 3,892 shares in the last quarter.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Company Profile

The PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an international, developed-market equity index that selects securities according to a combination of fundamental and technical factors. MFDX was launched on Aug 31, 2017 and is managed by PIMCO.