Short Interest in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) Increases By 92.0%

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (NYSEARCA:MFUS) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 43,147 shares, a growth of 92.0% from the March 31st total of 22,475 shares. Based on an average daily volume of 12,622 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.1% of the shares of the company are sold short.

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

Shares of MFUS stock opened at $61.75 on Monday. The business’s 50 day moving average is $59.80 and its two-hundred day moving average is $58.06. PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF has a twelve month low of $48.35 and a twelve month high of $61.97. The company has a market capitalization of $242.06 million, a P/E ratio of 19.69 and a beta of 0.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Consulate Inc. grew its stake in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 52.7% in the 3rd quarter. Financial Consulate Inc. now owns 97,035 shares of the company’s stock valued at $5,458,000 after purchasing an additional 33,498 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF in the 3rd quarter valued at approximately $538,000. Austin Wealth Management LLC lifted its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 3.0% in the 4th quarter. Austin Wealth Management LLC now owns 604,125 shares of the company’s stock valued at $34,912,000 after buying an additional 17,335 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 66.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 88,463 shares of the company’s stock valued at $4,976,000 after buying an additional 35,443 shares during the period. Finally, Entrewealth LLC lifted its holdings in shares of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF by 11.9% in the 3rd quarter. Entrewealth LLC now owns 127,597 shares of the company’s stock valued at $7,177,000 after buying an additional 13,537 shares during the period.

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.