PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Short Interest Down 51.8% in July

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,805 shares, a decrease of 51.8% from the July 15th total of 3,746 shares. Based on an average trading volume of 24,056 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor International Equity ETF

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% in 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 during the last quarter. Janney Montgomery Scott LLC grew its position in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 78,759 shares of the company’s stock valued at $3,026,000 after buying an additional 1,012 shares during the period. Finally, EQ Wealth Advisors LLC raised its position in 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 worth $363,000 after acquiring an additional 3,892 shares during the period.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Price Performance

Shares of MFDX stock traded up $0.04 on Friday, hitting $42.89. The stock had a trading volume of 7,145 shares, compared to its average volume of 22,686. The business has a 50 day moving average of $41.71 and a 200 day moving average of $41.44. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 12-month low of $36.06 and a 12-month high of $43.15. The stock has a market cap of $471.79 million, a price-to-earnings ratio of 14.93 and a beta of 0.68.

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.