Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Sees Significant Decrease in Short Interest

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,452 shares, a decline of 54.8% from the April 30th total of 5,424 shares. Based on an average trading volume of 9,698 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RAFE. Goldman Sachs Group Inc. bought a new position in shares of Pimco Rafi Esg U.S. Etf during the first quarter valued at $769,000. Smartleaf Asset Management LLC bought a new position in shares of Pimco Rafi Esg U.S. Etf during the second quarter valued at $55,000. Osaic Holdings Inc. lifted its holdings in shares of Pimco Rafi Esg U.S. Etf by 27.3% during the second quarter. Osaic Holdings Inc. now owns 22,407 shares of the company’s stock valued at $855,000 after purchasing an additional 4,805 shares in the last quarter. GenWealth Group Inc. lifted its holdings in shares of Pimco Rafi Esg U.S. Etf by 2.9% during the third quarter. GenWealth Group Inc. now owns 85,926 shares of the company’s stock valued at $3,497,000 after purchasing an additional 2,409 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Pimco Rafi Esg U.S. Etf by 3.9% during the third quarter. Bank of America Corp DE now owns 11,920 shares of the company’s stock valued at $485,000 after purchasing an additional 450 shares in the last quarter.

Pimco Rafi Esg U.S. Etf Trading Up 0.5%

Pimco Rafi Esg U.S. Etf stock traded up $0.25 during mid-day trading on Friday, hitting $47.09. The company had a trading volume of 15,888 shares, compared to its average volume of 13,435. The stock’s 50 day moving average price is $43.83 and its two-hundred day moving average price is $42.91. Pimco Rafi Esg U.S. Etf has a 12 month low of $36.18 and a 12 month high of $47.10. The company has a market capitalization of $148.33 million, a PE ratio of 17.96 and a beta of 0.87.

Pimco Rafi Esg U.S. Etf Company Profile

The PIMCO RAFI ESG U.S. ETF (RAFE) is an exchange-traded fund that is based on the RAFI ESG US index. The fund tracks an index of US companies that are selected and weighted by a combination of fundamental and ESG criteria. RAFE was launched on Dec 18, 2019 and is managed by PIMCO.