PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Short Interest Down 61.3% in July

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the target of a large 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 stock are sold short. Based on an average daily trading volume, of 21,736 shares, the days-to-cover ratio is currently 1.3 days.

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

Shares of NYSEARCA MFUS traded up $0.12 during trading hours on Friday, hitting $67.60. The stock had a trading volume of 8,416 shares, compared to its average volume of 13,650. The company has a market capitalization of $305.55 million, a P/E ratio of 19.69 and a beta of 0.84. The firm’s 50-day moving average price is $65.89 and its two-hundred day moving average price is $62.71. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 52 week low of $54.14 and a 52 week high of $67.64.

Institutional Trading of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 101.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 575 shares of the company’s stock worth $33,000 after purchasing an additional 290 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 446.3% in the 4th quarter. Royal Bank of Canada now owns 3,070 shares of the company’s stock valued at $174,000 after purchasing an additional 2,508 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the fourth quarter worth $181,000. Integrated Wealth Concepts LLC increased 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 buying an additional 602 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 138.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,109 shares of the company’s stock worth $402,000 after buying an additional 4,123 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.