Short Interest in PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Rises By 70.5%

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the target of a large increase in short interest in 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 short-interest ratio is presently 2.3 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 22,061 shares, the short-interest ratio is presently 2.3 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Price Performance

Shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF stock traded up $0.01 during trading on Friday, hitting $42.92. The company’s stock had a trading volume of 13,092 shares, compared to its average volume of 30,115. The stock has a market cap of $454.95 million, a price-to-earnings ratio of 14.93 and a beta of 0.73. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 52 week low of $28.52 and a 52 week high of $43.15. The stock has a 50-day moving average price of $40.58 and a two-hundred day moving average price of $38.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% in the 2nd 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 period. EQ Wealth Advisors LLC boosted its position in 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 valued at $363,000 after acquiring an additional 3,892 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 78,759 shares of the company’s stock worth $3,026,000 after acquiring 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.