Short Interest in Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Declines By 54.8%

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

Pimco Rafi Esg U.S. Etf Stock Up 0.9%

Shares of NYSEARCA:RAFE traded up $0.44 during trading on Tuesday, hitting $47.59. The stock had a trading volume of 4,106 shares, compared to its average volume of 13,290. Pimco Rafi Esg U.S. Etf has a 12 month low of $36.38 and a 12 month high of $47.59. The company has a market capitalization of $149.91 million, a PE ratio of 17.96 and a beta of 0.87. The firm’s fifty day moving average is $43.95 and its 200 day moving average is $42.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC bought a new position in Pimco Rafi Esg U.S. Etf during the 4th quarter valued at approximately $882,000. Savant Capital LLC bought a new position in Pimco Rafi Esg U.S. Etf during the 4th quarter valued at approximately $8,320,000. Envestnet Portfolio Solutions Inc. bought a new position in Pimco Rafi Esg U.S. Etf during the 4th quarter valued at approximately $4,207,000. Mason & Associates Inc increased its position in Pimco Rafi Esg U.S. Etf by 1.8% during the 1st quarter. Mason & Associates Inc now owns 20,138 shares of the company’s stock valued at $820,000 after buying an additional 358 shares in the last quarter. Finally, Sellwood Investment Partners LLC increased its position in Pimco Rafi Esg U.S. Etf by 1.9% during the 1st quarter. Sellwood Investment Partners LLC now owns 499,411 shares of the company’s stock valued at $20,782,000 after buying an additional 9,276 shares in the last quarter.

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.