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

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

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Trading Down 0.0%

NYSEARCA:MFUS traded down $0.01 during mid-day trading on Tuesday, reaching $65.50. The company’s stock had a trading volume of 7,740 shares, compared to its average volume of 13,443. The stock has a market cap of $302.61 million, a P/E ratio of 19.69 and a beta of 0.85. The firm’s fifty day moving average price is $66.04 and its two-hundred day moving average price is $64.56. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a 12-month low of $54.14 and a 12-month high of $67.74.

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

A number of institutional investors and hedge funds have recently made changes to their positions in MFUS. Williams & Novak Wealth Management LLC raised its position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 13.0% in the third quarter. Williams & Novak Wealth Management LLC now owns 168,519 shares of the company’s stock worth $10,922,000 after acquiring an additional 19,405 shares during the period. Williams & Novak LLC grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.9% during 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 period. Cetera Investment Advisers grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 14.0% during 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 period. SFG Wealth Management LLC. bought a new stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 2nd quarter valued at $1,710,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 2.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,790 shares of the company’s stock worth $1,506,000 after purchasing an additional 519 shares in 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.