PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Short Interest Up 201.1% in August

PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,694 shares, a growth of 201.1% from the August 15th total of 1,227 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 12,377 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 18.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 141,376 shares of the company’s stock valued at $5,080,000 after buying an additional 22,184 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 1.3% during 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. Finally, Operose Advisors LLC boosted its position in shares of PIMCO RAFI Dynamic Multi-Factor International Equity ETF by 353.5% in the second quarter. Operose Advisors LLC now owns 32,708 shares of the company’s stock worth $1,362,000 after purchasing an additional 25,495 shares during the period.

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Up 0.8%

Shares of NYSEARCA MFDX traded up $0.32 during midday trading on Friday, hitting $42.64. The stock had a trading volume of 12,195 shares, compared to its average volume of 21,354. The business’s 50 day moving average is $42.10 and its 200-day moving average is $41.58. PIMCO RAFI Dynamic Multi-Factor International Equity ETF has a 52 week low of $36.32 and a 52 week high of $43.40. The company has a market cap of $469.04 million, a P/E ratio of 14.93 and a beta of 0.68.

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.