Short Interest in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Increases By 102.2%

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 63,294 shares, an increase of 102.2% from the August 15th total of 31,307 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 17,027 shares, the days-to-cover ratio is currently 3.7 days.

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

MFUS stock traded up $0.23 during trading on Wednesday, hitting $65.56. 1,640 shares of the company traded hands, compared to its average volume of 13,761. The company has a market cap of $264.23 million, a PE ratio of 19.69 and a beta of 0.84. The stock’s 50-day simple moving average is $66.05 and its 200 day simple moving average is $63.69. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 1 year low of $54.14 and a 1 year high of $67.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SFG Wealth Management LLC. acquired a new stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the second quarter valued at about $1,710,000. First Growth Capital LLC acquired a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the fourth quarter worth about $1,157,000. Operose Advisors LLC purchased a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 2nd quarter valued at about $1,015,000. Cetera Investment Advisers raised its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 14.0% in the 1st quarter. Cetera Investment Advisers now owns 36,233 shares of the company’s stock valued at $2,116,000 after acquiring an additional 4,441 shares during the last quarter. Finally, Williams & Novak LLC raised its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.9% in the 2nd quarter. Williams & Novak LLC now owns 149,114 shares of the company’s stock valued at $10,016,000 after acquiring an additional 2,775 shares during the last quarter.

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.