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

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFEGet Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 11,412 shares, a growth of 365.4% from the May 14th total of 2,452 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,886 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC bought a new position in shares of Pimco Rafi Esg U.S. Etf in the 4th quarter valued at $882,000. Savant Capital LLC bought a new position in Pimco Rafi Esg U.S. Etf in the 4th quarter valued at approximately $8,320,000. Envestnet Portfolio Solutions Inc. bought a new position in Pimco Rafi Esg U.S. Etf in the 4th quarter valued at approximately $4,207,000. Commonwealth Equity Services LLC raised its holdings in Pimco Rafi Esg U.S. Etf by 10.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 119,740 shares of the company’s stock valued at $5,028,000 after buying an additional 10,881 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in Pimco Rafi Esg U.S. Etf in the 1st quarter valued at approximately $114,000.

Pimco Rafi Esg U.S. Etf Stock Performance

Shares of RAFE opened at $47.60 on Friday. Pimco Rafi Esg U.S. Etf has a 52 week low of $36.72 and a 52 week high of $47.80. The stock has a market capitalization of $149.94 million, a price-to-earnings ratio of 17.96 and a beta of 0.87. The stock has a fifty day moving average of $45.00 and a 200-day moving average of $43.36.

About Pimco Rafi Esg U.S. Etf

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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.

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