PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Short Interest Update

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 67,778 shares, an increase of 114.3% from the April 15th total of 31,630 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 24,203 shares, the short-interest ratio is presently 2.8 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Performance

PIMCO RAFI Dynamic Multi-Factor International Equity ETF stock traded down $0.79 during mid-day trading on Friday, reaching $41.42. The company’s stock had a trading volume of 6,374 shares, compared to its average volume of 26,112. The company has a market capitalization of $439.05 million, a price-to-earnings ratio of 14.93 and a beta of 0.68. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 12 month low of $34.07 and a 12 month high of $43.15. The business’s 50 day simple moving average is $40.78 and its 200 day simple moving average is $39.84.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. EQ Wealth Advisors LLC grew its stake 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 valued at $363,000 after purchasing an additional 3,892 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 78,759 shares of the company’s stock valued at $3,026,000 after purchasing an additional 1,012 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 23.0% in the fourth quarter. JPMorgan Chase & Co. now owns 132,503 shares of the company’s stock valued at $5,092,000 after purchasing an additional 24,753 shares in the last quarter.

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.