Short Interest in PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Drops By 51.8%

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,805 shares, a drop of 51.8% from the July 15th total of 3,746 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 24,056 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds have recently added to or reduced their stakes in MFDX. JPMorgan Chase & Co. grew its stake in shares of 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 worth $5,092,000 after purchasing an additional 24,753 shares in the last quarter. EQ Wealth Advisors LLC raised its stake 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 purchasing an additional 3,892 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% during 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.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Down 0.9%

NYSEARCA MFDX traded down $0.37 on Tuesday, hitting $42.48. The stock had a trading volume of 20,794 shares, compared to its average volume of 22,576. The company’s 50-day moving average is $41.74 and its two-hundred day moving average is $41.45. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a one year low of $36.06 and a one year high of $43.15. The stock has a market cap of $467.28 million, a price-to-earnings ratio of 14.93 and a beta of 0.68.

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.