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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 39,602 shares, a growth of 115.1% from the February 26th total of 18,415 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 24,144 shares, the short-interest ratio is currently 1.6 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Price Performance

Shares of NYSEARCA:MFDX opened at $38.65 on Friday. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 1 year low of $28.52 and a 1 year high of $43.15. The business’s 50-day moving average is $40.93 and its 200-day moving average is $38.83. The company has a market capitalization of $409.69 million, a price-to-earnings ratio of 14.93 and a beta of 0.73.

Institutional Trading of PIMCO RAFI Dynamic Multi-Factor International Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. EQ Wealth Advisors LLC boosted its position in shares of 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 buying an additional 3,892 shares during the last quarter. Janney Montgomery Scott LLC raised 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 buying an additional 1,012 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 23.0% during the 4th quarter. JPMorgan Chase & Co. now owns 132,503 shares of the company’s stock valued at $5,092,000 after acquiring an additional 24,753 shares in the last quarter.

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.