PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Sees Large Drop in Short Interest

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 18,258 shares, a decrease of 40.4% from the November 30th total of 30,653 shares. Based on an average daily volume of 7,025 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 7,025 shares, the days-to-cover ratio is currently 2.6 days.

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

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF stock traded down $0.01 during midday trading on Friday, hitting $57.46. 1,655 shares of the company’s stock were exchanged, compared to its average volume of 9,886. The stock has a market cap of $213.75 million, a price-to-earnings ratio of 19.69 and a beta of 0.89. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 12-month low of $43.62 and a 12-month high of $57.55. The firm’s 50 day simple moving average is $56.20 and its 200 day simple moving average is $55.02.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 382,816.7% during the 1st quarter. Royal Bank of Canada now owns 22,975 shares of the company’s stock valued at $1,154,000 after acquiring an additional 22,969 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of 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 purchasing an additional 602 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 30.0% during the first quarter. Goldman Sachs Group Inc. now owns 54,234 shares of the company’s stock worth $2,724,000 after purchasing an additional 12,517 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the second quarter worth $3,396,000. Finally, Williams & Novak LLC grew its position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.7% in the 2nd quarter. Williams & Novak LLC now owns 146,331 shares of the company’s stock valued at $7,821,000 after buying an additional 2,487 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.