PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Short Interest Down 63.8% in February

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 18,415 shares, a decrease of 63.8% from the February 12th total of 50,918 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 37,291 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 37,291 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Price Performance

MFDX stock traded down $0.46 during mid-day trading on Thursday, reaching $40.02. 26,773 shares of the company’s stock were exchanged, compared to its average volume of 29,218. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 12-month low of $28.52 and a 12-month high of $43.15. The stock’s 50 day moving average is $40.95 and its 200 day moving average is $38.63. The company has a market cap of $424.21 million, a price-to-earnings ratio of 14.93 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in 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 valued at $5,080,000 after acquiring an additional 22,184 shares during the period. Janney Montgomery Scott LLC increased its holdings 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 acquiring an additional 1,012 shares in the last quarter. Finally, EQ Wealth Advisors LLC raised 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 worth $363,000 after acquiring an additional 3,892 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.