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) was the target of 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. Based on an average daily trading volume, of 22,061 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 22,061 shares, the days-to-cover ratio is presently 2.3 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Price Performance

NYSEARCA:MFDX traded up $0.01 during trading hours on Friday, reaching $42.92. 13,092 shares of the stock were exchanged, compared to its average volume of 30,115. The stock has a market cap of $454.95 million, a PE ratio of 14.93 and a beta of 0.73. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a twelve month low of $28.52 and a twelve month high of $43.15. The firm has a 50 day moving average of $40.58 and a 200 day moving average of $38.39.

Institutional Inflows and Outflows

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

About PIMCO RAFI Dynamic Multi-Factor International Equity ETF

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.