PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Stock Short Interest Drops 67.3%

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8,558 shares, a decrease of 67.3% from the September 15th total of 26,163 shares. Based on an average daily trading volume, of 9,522 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are short sold.

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

Hedge funds have recently modified their holdings of the business. Williams & Novak Wealth Management LLC boosted its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 13.0% in the 3rd quarter. Williams & Novak Wealth Management LLC now owns 168,519 shares of the company’s stock worth $10,922,000 after purchasing an additional 19,405 shares during the period. SFG Wealth Management LLC. purchased a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 2nd quarter valued at approximately $1,710,000. Operose Advisors LLC bought a new stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the second quarter valued at approximately $1,015,000. Mid American Wealth Advisory Group Inc. raised its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 17.4% during the second quarter. Mid American Wealth Advisory Group Inc. now owns 15,609 shares of the company’s stock valued at $1,048,000 after buying an additional 2,315 shares during the last quarter. Finally, Williams & Novak LLC raised its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.9% during the second quarter. Williams & Novak LLC now owns 149,114 shares of the company’s stock valued at $10,016,000 after buying an additional 2,775 shares during the last quarter.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Trading Down 0.3%

MFUS stock traded down $0.21 during midday trading on Wednesday, reaching $65.29. 9,052 shares of the company’s stock traded hands, compared to its average volume of 13,421. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 52-week low of $54.14 and a 52-week high of $67.74. The stock has a market cap of $301.64 million, a P/E ratio of 19.69 and a beta of 0.85. The stock’s 50-day moving average is $66.01 and its 200 day moving average is $64.61.

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.