PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Short Interest Down 35.9% in February

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 52,116 shares, a drop of 35.9% from the February 12th total of 81,271 shares. Based on an average daily trading volume, of 9,215 shares, the days-to-cover ratio is presently 5.7 days. Currently, 1.4% of the company’s stock are sold short. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 9,215 shares, the days-to-cover ratio is presently 5.7 days.

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

Shares of NYSEARCA:MFUS traded down $0.12 during midday trading on Friday, reaching $58.44. The company had a trading volume of 12,336 shares, compared to its average volume of 13,440. The stock’s fifty day moving average price is $59.49 and its 200-day moving average price is $57.24. The stock has a market capitalization of $217.40 million, a P/E ratio of 19.69 and a beta of 0.89. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a one year low of $43.62 and a one year high of $61.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MFUS. Marshall Investment Management LLC increased its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 3,528.6% in the 3rd quarter. Marshall Investment Management LLC now owns 158,569 shares of the company’s stock worth $8,920,000 after purchasing an additional 154,199 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF during the third quarter worth about $4,679,000. JPMorgan Chase & Co. lifted its position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 66.8% during the third quarter. JPMorgan Chase & Co. now owns 88,463 shares of the company’s stock worth $4,976,000 after purchasing an additional 35,443 shares during the last quarter. Financial Consulate Inc. grew its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 52.7% in the third quarter. Financial Consulate Inc. now owns 97,035 shares of the company’s stock worth $5,458,000 after purchasing an additional 33,498 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 58.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 80,189 shares of the company’s stock worth $4,540,000 after purchasing an additional 29,529 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.