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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 11,391 shares, a growth of 122.0% from the December 15th total of 5,132 shares. Based on an average daily volume of 16,660 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,660 shares, the short-interest ratio is presently 0.7 days.

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

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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Performance

Shares of NYSEARCA MFDX traded up $0.30 during midday trading on Wednesday, reaching $39.75. 3,826 shares of the company traded hands, compared to its average volume of 29,412. The firm has a market cap of $421.36 million, a PE ratio of 14.93 and a beta of 0.73. The stock’s 50-day simple moving average is $38.11 and its 200-day simple moving average is $37.05. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 12 month low of $28.52 and a 12 month high of $39.79.

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.