PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Sees Large Drop in Short Interest

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 18,258 shares, a drop of 40.4% from the November 30th total of 30,653 shares. Based on an average trading volume of 7,025 shares, the short-interest ratio is currently 2.6 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 7,025 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MFUS. Cetera Investment Advisers lifted its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 27.3% in the 2nd quarter. Cetera Investment Advisers now owns 28,545 shares of the company’s stock valued at $1,526,000 after purchasing an additional 6,119 shares during the last quarter. Austin Wealth Management LLC grew its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 2.4% during the 2nd quarter. Austin Wealth Management LLC now owns 580,913 shares of the company’s stock worth $30,875,000 after buying an additional 13,769 shares during the last quarter. EQ Wealth Advisors LLC increased its position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 7.6% during the second quarter. EQ Wealth Advisors LLC now owns 3,188 shares of the company’s stock worth $170,000 after buying an additional 226 shares during the period. Mid American Wealth Advisory Group Inc. lifted its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 73.0% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 9,610 shares of the company’s stock valued at $514,000 after buying an additional 4,055 shares during the last quarter. Finally, Entrewealth LLC lifted its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 4.2% in the second quarter. Entrewealth LLC now owns 114,060 shares of the company’s stock valued at $6,097,000 after buying an additional 4,611 shares during the last quarter.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Stock Down 0.0%

MFUS traded down $0.01 on Friday, reaching $57.46. The company’s stock had a trading volume of 1,655 shares, compared to its average volume of 9,886. The stock has a 50 day moving average of $56.20 and a two-hundred day moving average of $55.02. The company has a market capitalization of $213.75 million, a price-to-earnings ratio of 19.69 and a beta of 0.89. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a fifty-two week low of $43.62 and a fifty-two week high of $57.55.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Company Profile

The PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) is an exchange-traded fund that is based on the RAFI Dynamic Multi-Factor U.S. index. The fund tracks an index of US companies that are selected and weighted by a combination of fundamental and technical factors. MFUS was launched on Aug 31, 2017 and is managed by PIMCO.