PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Short Interest Update

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 63,294 shares, an increase of 102.2% from the August 15th total of 31,307 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 17,027 shares, the days-to-cover ratio is presently 3.7 days.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Price Performance

NYSEARCA MFUS traded down $0.64 during mid-day trading on Monday, reaching $65.53. The stock had a trading volume of 11,434 shares, compared to its average volume of 13,849. The stock has a market cap of $296.20 million, a PE ratio of 19.69 and a beta of 0.84. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 1 year low of $54.14 and a 1 year high of $67.74. The company has a fifty day moving average price of $66.06 and a 200 day moving average price of $63.62.

Hedge Funds Weigh In On PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

A number of institutional investors have recently modified their holdings of MFUS. SFG Wealth Management LLC. bought a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the second quarter worth about $1,710,000. Operose Advisors LLC purchased a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the second quarter valued at approximately $1,015,000. Mid American Wealth Advisory Group Inc. lifted its position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 17.4% during the second quarter. Mid American Wealth Advisory Group Inc. now owns 15,609 shares of the company’s stock valued at $1,048,000 after acquiring an additional 2,315 shares during the last quarter. Williams & Novak LLC boosted its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.9% in the second quarter. Williams & Novak LLC now owns 149,114 shares of the company’s stock valued at $10,016,000 after acquiring an additional 2,775 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 14.0% in the first quarter. Cetera Investment Advisers now owns 36,233 shares of the company’s stock worth $2,116,000 after purchasing an additional 4,441 shares during the last quarter.

About PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

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.