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 target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 30,061 shares, a growth of 163.9% from the December 31st total of 11,391 shares. Based on an average trading volume of 33,277 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 33,277 shares, the days-to-cover ratio is currently 0.9 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Trading Down 1.2%

MFDX traded down $0.50 on Friday, hitting $40.54. 20,514 shares of the company were exchanged, compared to its average volume of 30,946. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a twelve month low of $28.52 and a twelve month high of $41.25. The firm has a 50-day moving average price of $38.88 and a two-hundred day moving average price of $37.45. The company has a market cap of $429.72 million, a price-to-earnings ratio of 14.93 and a beta of 0.73.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MFDX. Janney Montgomery Scott LLC purchased a new stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF during the second quarter valued at about $2,398,000. Private Trust Co. NA purchased a new stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF during the 2nd quarter worth about $31,000. Moloney Securities Asset Management LLC increased its position 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% during the second quarter. JPMorgan Chase & Co. now owns 141,376 shares of the company’s stock valued at $5,080,000 after buying an additional 22,184 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.