PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 39,602 shares, a growth of 115.1% from the February 26th total of 18,415 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 24,144 shares, the short-interest ratio is currently 1.6 days.
PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Performance
Shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF stock opened at $38.65 on Friday. The company has a market capitalization of $409.69 million, a P/E ratio of 14.93 and a beta of 0.73. The company has a fifty day moving average of $40.93 and a 200 day moving average of $38.83. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a fifty-two week low of $28.52 and a fifty-two week high of $43.15.
Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor International Equity ETF
A number of hedge funds have recently made changes to their positions in the business. EQ Wealth Advisors LLC grew its position in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 70.1% during the fourth quarter. EQ Wealth Advisors LLC now owns 9,445 shares of the company’s stock worth $363,000 after purchasing an additional 3,892 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $5,092,000 after purchasing an additional 24,753 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 78,759 shares of the company’s stock worth $3,026,000 after purchasing an additional 1,012 shares during the period.
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.
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