PIMCO RAFI Dynamic Multi-Factor International Equity ETF (NYSEARCA:MFDX) Short Interest Down 76.1% in December

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

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

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

PIMCO RAFI Dynamic Multi-Factor International Equity ETF Stock Performance

Shares of NYSEARCA MFDX traded up $0.01 during trading hours on Thursday, hitting $38.86. 5,391 shares of the stock were exchanged, compared to its average volume of 31,755. The company’s fifty day simple moving average is $37.58 and its two-hundred day simple moving average is $36.67. The company has a market cap 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 1-year low of $28.52 and a 1-year 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.