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 recipient of a significant decline in short interest in 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. Based on an average daily volume of 21,736 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are sold short.

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

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 101.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 575 shares of the company’s stock valued at $33,000 after acquiring an additional 290 shares in the last quarter. Royal Bank of Canada boosted its holdings 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 worth $174,000 after acquiring an additional 2,508 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position 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% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,973 shares of the company’s stock valued at $400,000 after acquiring an additional 602 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 138.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,109 shares of the company’s stock valued at $402,000 after purchasing an additional 4,123 shares in the last quarter.

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

Shares of MFUS opened at $67.48 on Friday. The firm has a market cap of $305.01 million, a PE ratio of 19.69 and a beta of 0.84. The firm’s 50 day moving average price is $65.83 and its 200 day moving average price is $62.67. 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.

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.