PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Shares Shorted: Short Interest Down 58.7% in September

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 26,163 shares, a decrease of 58.7% from the August 31st total of 63,294 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 13,183 shares, the days-to-cover ratio is currently 2.0 days.

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

MFUS stock traded down $0.44 during midday trading on Monday, reaching $65.21. The company had a trading volume of 2,282 shares, compared to its average volume of 13,614. The company has a market capitalization of $301.27 million, a price-to-earnings ratio of 19.69 and a beta of 0.84. The stock has a 50 day moving average price of $66.07 and a 200-day moving average price of $63.99. 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.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SFG Wealth Management LLC. bought a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the second quarter valued at about $1,710,000. Operose Advisors LLC bought a new stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 2nd quarter valued at approximately $1,015,000. Mid American Wealth Advisory Group Inc. grew its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 17.4% during the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 15,609 shares of the company’s stock valued at $1,048,000 after purchasing an additional 2,315 shares during the last quarter. Williams & Novak LLC lifted its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.9% in the 2nd quarter. Williams & Novak LLC now owns 149,114 shares of the company’s stock valued at $10,016,000 after purchasing an additional 2,775 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position 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 valued at $2,116,000 after buying an additional 4,441 shares in the last quarter.

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.