PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 27,587 shares, a decrease of 61.3% from the July 15th total of 71,315 shares. Based on an average daily trading 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.
Institutional Trading of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 382,816.7% during the first quarter. Royal Bank of Canada now owns 22,975 shares of the company’s stock worth $1,154,000 after purchasing an additional 22,969 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake 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 buying an additional 602 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,234 shares of the company’s stock valued at $2,724,000 after buying an additional 12,517 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 66.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 88,463 shares of the company’s stock worth $4,976,000 after buying an additional 35,443 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 3rd quarter worth approximately $4,679,000.
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Stock Up 0.2%
NYSEARCA:MFUS traded up $0.12 during trading hours on Friday, hitting $67.60. 8,416 shares of the company traded hands, compared to its average volume of 13,650. The firm’s 50-day simple moving average is $65.89 and its 200-day simple moving average is $62.71. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a one year low of $54.14 and a one year high of $67.64. The company has a market cap of $305.55 million, a PE ratio of 19.69 and a beta of 0.84.
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.
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