PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Shares Shorted: Short Interest Up 215.6% in October

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 27,009 shares, an increase 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 currently 2.7 days. Currently, 0.6% of the company’s stock are sold short.

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF Trading Down 1.0%

MFUS stock traded down $0.66 during trading on Friday, reaching $65.98. 2,155 shares of the stock were exchanged, compared to its average volume of 13,050. The business has a 50 day moving average price of $65.75 and a 200-day moving average price of $63.33. The firm has a market capitalization of $304.82 million, a price-to-earnings ratio of 19.69 and a beta of 0.85. 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 Investors Weigh In On PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

Hedge funds have recently modified their holdings of the company. Walled Lake Planning & Wealth Management LLC increased its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 10.5% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 153,700 shares of the company’s stock worth $9,961,000 after buying an additional 14,581 shares during the period. SFG Wealth Management LLC. grew its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 21.7% during the third quarter. SFG Wealth Management LLC. now owns 30,984 shares of the company’s stock worth $2,008,000 after acquiring an additional 5,524 shares during the last quarter. Mid American Wealth Advisory Group Inc. boosted its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 22.3% during the third quarter. Mid American Wealth Advisory Group Inc. now owns 19,090 shares of the company’s stock worth $1,237,000 after buying an additional 3,481 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the third quarter valued at about $243,000. Finally, Williams & Novak Wealth Management LLC boosted its stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 13.0% during the 3rd 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 in 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.