PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Sees Large Drop in Short Interest

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 5,132 shares, a drop of 76.1% from the November 30th total of 21,496 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 26,260 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 26,260 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF in the second quarter worth $2,398,000. Private Trust Co. NA acquired a new stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF in the 2nd quarter valued at $31,000. Moloney Securities Asset Management LLC raised its position in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 4.6% in the second quarter. Moloney Securities Asset Management LLC now owns 15,569 shares of the company’s stock valued at $559,000 after purchasing an additional 685 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% during the second quarter. JPMorgan Chase & Co. now owns 141,376 shares of the company’s stock worth $5,080,000 after purchasing an additional 22,184 shares in the last quarter.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Trading Up 0.1%

NYSEARCA:MFDX traded up $0.05 on Friday, hitting $38.91. 12,729 shares of the stock were exchanged, compared to its average volume of 31,677. The stock has a fifty day moving average of $37.65 and a 200-day moving average of $36.71. The stock has a market cap of $412.45 million, a PE ratio of 14.93 and a beta of 0.73. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a fifty-two week low of $28.52 and a fifty-two week high of $38.93.

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.