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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 3,746 shares, a decline of 95.9% from the June 30th total of 91,391 shares. Based on an average daily trading volume, of 16,963 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Performance

Shares of MFDX stock traded up $0.08 during trading on Friday, hitting $41.01. The company had a trading volume of 14,644 shares, compared to its average volume of 23,990. The firm has a market capitalization of $451.11 million, a P/E ratio of 14.93 and a beta of 0.68. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a one year low of $34.90 and a one year high of $43.15. The stock’s 50-day moving average price is $41.66 and its 200 day moving average price is $41.18.

Institutional Investors Weigh In On PIMCO RAFI Dynamic Multi-Factor International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 23.0% during the fourth quarter. JPMorgan Chase & Co. now owns 132,503 shares of the company’s stock worth $5,092,000 after buying an additional 24,753 shares in the last quarter. EQ Wealth Advisors LLC raised its position in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 70.1% in the 4th 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 in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of 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 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.