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) was the recipient of 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. Based on an average daily trading volume, of 13,183 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.6% of the shares of the company are sold short.

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

NYSEARCA:MFUS traded down $0.09 during mid-day trading on Tuesday, reaching $65.12. 4,123 shares of the company’s stock were exchanged, compared to its average volume of 13,563. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a one year low of $54.14 and a one year high of $67.74. The business’s fifty day simple moving average is $66.07 and its two-hundred day simple moving average is $64.07. The firm has a market capitalization of $300.85 million, a PE ratio of 19.69 and a beta of 0.84.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFUS. Walkner Condon Financial Advisors LLC lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 18.9% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 14,306 shares of the company’s stock valued at $836,000 after acquiring an additional 2,273 shares during the period. Operose Advisors LLC bought a new position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the second quarter worth $1,015,000. Mid American Wealth Advisory Group Inc. increased its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 17.4% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 15,609 shares of the company’s stock worth $1,048,000 after purchasing an additional 2,315 shares during the period. First Growth Capital LLC acquired a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the fourth quarter valued at about $1,157,000. Finally, SFG Wealth Management LLC. acquired a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the second quarter valued at about $1,710,000.

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.