Short Interest in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Declines By 45.2%

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 22,475 shares, a decline of 45.2% from the March 15th total of 41,014 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 8,550 shares, the days-to-cover ratio is presently 2.6 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 101.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 575 shares of the company’s stock worth $33,000 after buying an additional 290 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 0.8% during the third quarter. Moloney Securities Asset Management LLC now owns 45,758 shares of the company’s stock worth $2,574,000 after buying an additional 383 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 8.2% during the first quarter. Integrated Wealth Concepts LLC now owns 7,973 shares of the company’s stock worth $400,000 after buying an additional 602 shares in the last quarter. Mid American Wealth Advisory Group Inc. grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 11.2% during the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 13,294 shares of the company’s stock worth $753,000 after buying an additional 1,338 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 21,816 shares of the company’s stock worth $1,235,000 after buying an additional 1,608 shares in the last quarter.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Stock Up 0.9%

NYSEARCA MFUS traded up $0.56 during trading on Monday, hitting $60.80. The stock had a trading volume of 5,985 shares, compared to its average volume of 12,459. The company has a market capitalization of $238.34 million, a PE ratio of 19.69 and a beta of 0.86. The firm has a 50 day moving average price of $59.61 and a 200 day moving average price of $57.72. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a twelve month low of $45.91 and a twelve month high of $61.16.

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.