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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 5,132 shares, a decrease of 76.1% from the November 30th total of 21,496 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 26,260 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 26,260 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

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

Several large investors have recently modified their holdings of MFDX. Private Trust Co. NA acquired a new stake in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF in the 2nd quarter valued at about $31,000. Moloney Securities Asset Management LLC boosted its holdings in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 4.6% in the second quarter. Moloney Securities Asset Management LLC now owns 15,569 shares of the company’s stock worth $559,000 after acquiring an additional 685 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF in the second quarter valued at approximately $2,398,000. Finally, JPMorgan Chase & Co. grew its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% in the second quarter. JPMorgan Chase & Co. now owns 141,376 shares of the company’s stock valued at $5,080,000 after acquiring an additional 22,184 shares during the period.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Performance

Shares of MFDX traded up $0.01 during mid-day trading on Thursday, reaching $38.86. 5,391 shares of the company were exchanged, compared to its average volume of 31,755. The business has a 50 day simple moving average of $37.58 and a two-hundred day simple moving average of $36.67. The stock has a market capitalization of $411.92 million, a PE ratio of 14.93 and a beta of 0.73. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 52 week low of $28.52 and a 52 week high of $38.91.

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.