PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 27,009 shares, a growth of 215.6% from the September 30th total of 8,558 shares. Based on an average daily trading volume, of 10,185 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.6% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of MFUS. McKinley Carter Wealth Services Inc. acquired a new stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the 3rd quarter valued at approximately $243,000. Walkner Condon Financial Advisors LLC increased its holdings in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 18.9% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 14,306 shares of the company’s stock worth $836,000 after purchasing an additional 2,273 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the 2nd 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% in the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 15,609 shares of the company’s stock valued at $1,048,000 after purchasing an additional 2,315 shares in the last quarter. Finally, First Growth Capital LLC raised its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 1.3% in the 1st quarter. First Growth Capital LLC now owns 19,214 shares of the company’s stock valued at $1,125,000 after purchasing an additional 252 shares in the last quarter.
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Stock Up 0.3%
NYSEARCA:MFUS opened at $66.00 on Thursday. The company has a market cap of $304.92 million, a P/E ratio of 19.69 and a beta of 0.85. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a fifty-two week low of $54.14 and a fifty-two week high of $67.74. The firm’s 50 day moving average is $65.76 and its two-hundred day moving average is $63.29.
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.
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