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

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,424 shares, a drop of 91.0% from the April 15th total of 60,529 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 11,495 shares, the short-interest ratio is presently 0.5 days.

Pimco Rafi Esg U.S. Etf Stock Up 0.1%

Shares of Pimco Rafi Esg U.S. Etf stock traded up $0.05 during midday trading on Wednesday, hitting $45.46. The company’s stock had a trading volume of 4,875 shares, compared to its average volume of 13,754. The firm has a market capitalization of $143.20 million, a P/E ratio of 17.96 and a beta of 0.87. The stock has a 50-day simple moving average of $42.93 and a 200-day simple moving average of $42.50. Pimco Rafi Esg U.S. Etf has a 1-year low of $35.81 and a 1-year high of $45.54.

Institutional Trading of Pimco Rafi Esg U.S. Etf

Several hedge funds and other institutional investors have recently modified their holdings of RAFE. Goldman Sachs Group Inc. purchased a new stake in shares of Pimco Rafi Esg U.S. Etf during the first quarter worth $769,000. Smartleaf Asset Management LLC purchased a new stake in shares of Pimco Rafi Esg U.S. Etf during the second quarter worth $55,000. Osaic Holdings Inc. raised 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 worth $855,000 after acquiring an additional 4,805 shares in the last quarter. Walkner Condon Financial Advisors LLC purchased a new stake in shares of Pimco Rafi Esg U.S. Etf during the third quarter worth $498,000. Finally, Williams & Novak LLC purchased a new stake in shares of Pimco Rafi Esg U.S. Etf during the third quarter worth $204,000.

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.