The present research aims at imparting an improved wicking ability to the recycled multifilament yarns by wrapping composite nanofibers to attain an efficient material for filtration purposes. Therefore, polyacrylonitrile nanofibers containing dimethyl 5-sodium sulfoisophthalate nanoparticles were wrapped around the recycled poly(ethylene terephthalate) yarn by means of a novel electrospinning technique. Several tests were performed to investigate the parameters affecting wicking rise and moisture regain of the samples. Taguchi method was used in two separate designs (with or without nanoparticles). Some factors such as polymer solution concentration, mass ratio of nanoparticles, take-up rate, and number of filaments were considered as the variable factors while yarn wicking rate and moisture regain were the response factors. It was found that the hydrophilic nature of nanoparticles together with the ultrafine structure of nanofibers provide yarns with enhanced wicking properties. Although solution concentration is the predominant factor in wicking rate of the yarns containing nanoparticles, the most effective factor in wicking rise and moisture regain for other cases is the number of filaments. The mechanism of nanoparticle effect on fluidic jet during electrospinning process is explained by theory of nanofluids stability which has never been validated experimentally in previous research studies.