Short Interest in PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Grows By 201.1%

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,694 shares, an increase of 201.1% from the August 15th total of 1,227 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,377 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Up 0.8%

NYSEARCA:MFDX traded up $0.32 during trading hours on Friday, reaching $42.64. 12,195 shares of the stock were exchanged, compared to its average volume of 21,354. The business has a 50-day moving average of $42.10 and a two-hundred day moving average of $41.58. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a twelve month low of $36.32 and a twelve month high of $43.40. The company has a market capitalization of $469.04 million, a price-to-earnings ratio of 14.93 and a beta of 0.68.

Institutional Investors Weigh In On PIMCO RAFI Dynamic Multi-Factor International Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of MFDX. JPMorgan Chase & Co. boosted its holdings in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 141,376 shares of the company’s stock valued at $5,080,000 after acquiring an additional 22,184 shares during the period. Janney Montgomery Scott LLC grew its position 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 valued at $3,026,000 after acquiring an additional 1,012 shares in the last quarter. Finally, Operose Advisors LLC increased its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 353.5% during the second quarter. Operose Advisors LLC now owns 32,708 shares of the company’s stock worth $1,362,000 after purchasing an additional 25,495 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.