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

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 27,587 shares, a decline of 61.3% from the July 15th total of 71,315 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 21,736 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 382,816.7% during the first quarter. Royal Bank of Canada now owns 22,975 shares of the company’s stock worth $1,154,000 after acquiring an additional 22,969 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in 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 acquiring an additional 602 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,234 shares of the company’s stock valued at $2,724,000 after purchasing an additional 12,517 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 66.8% in the third quarter. JPMorgan Chase & Co. now owns 88,463 shares of the company’s stock valued at $4,976,000 after buying an additional 35,443 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 3rd quarter valued at $4,679,000.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Stock Up 0.5%

MFUS stock opened at $67.48 on Friday. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a twelve month low of $54.14 and a twelve month high of $67.56. The business’s fifty day moving average is $65.83 and its 200-day moving average is $62.67. The company has a market cap of $305.01 million, a P/E ratio of 19.69 and a beta of 0.84.

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.