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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 21,636 shares, a drop of 45.4% from the March 15th total of 39,602 shares. Based on an average daily volume of 29,498 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 141,376 shares of the company’s stock valued at $5,080,000 after purchasing an additional 22,184 shares during the period. EQ Wealth Advisors LLC raised its stake 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 purchasing an additional 3,892 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake 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 purchasing an additional 1,012 shares during the period.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Trading Up 0.4%

Shares of NYSEARCA:MFDX traded up $0.15 during midday trading on Monday, hitting $41.78. The company had a trading volume of 17,509 shares, compared to its average volume of 28,632. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 12 month low of $31.26 and a 12 month high of $43.15. The stock has a market cap of $442.87 million, a price-to-earnings ratio of 14.93 and a beta of 0.69. The firm has a fifty day simple moving average of $40.97 and a 200 day simple moving average of $39.13.

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.