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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the recipient of a significant 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. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 24,056 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Trading Down 0.1%

Shares of MFDX traded down $0.04 during midday trading on Monday, reaching $42.85. The stock had a trading volume of 7,757 shares, compared to its average volume of 22,590. The firm has a market cap of $471.35 million, a PE ratio of 14.93 and a beta of 0.68. The firm has a 50 day simple moving average of $41.71 and a 200-day simple moving average of $41.44. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a one year low of $36.06 and a one year high of $43.15.

Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor International Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in 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 worth $3,026,000 after buying an additional 1,012 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 worth $5,092,000 after acquiring an additional 24,753 shares during the period. Finally, EQ Wealth Advisors LLC boosted its stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 70.1% during the 4th 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.