Short Interest in Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Drops By 40.9%

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 4,389 shares, a decrease of 40.9% from the June 15th total of 7,427 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 27,873 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Pimco Rafi Esg U.S. Etf

Several hedge funds and other institutional 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 worth $882,000. Envestnet Portfolio Solutions Inc. bought a new stake in Pimco Rafi Esg U.S. Etf during the 4th quarter valued at $4,207,000. Savant Capital LLC acquired a new position in Pimco Rafi Esg U.S. Etf during the fourth quarter worth $8,320,000. Commonwealth Equity Services LLC raised its holdings in Pimco Rafi Esg U.S. Etf by 10.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 119,740 shares of the company’s stock worth $5,028,000 after buying an additional 10,881 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Pimco Rafi Esg U.S. Etf by 3.9% in the third quarter. Bank of America Corp DE now owns 11,920 shares of the company’s stock valued at $485,000 after buying an additional 450 shares in the last quarter.

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

Pimco Rafi Esg U.S. Etf stock traded down $0.24 during midday trading on Friday, reaching $47.95. The stock had a trading volume of 7,180 shares, compared to its average volume of 13,827. The company has a fifty day moving average price of $47.07 and a two-hundred day moving average price of $44.36. Pimco Rafi Esg U.S. Etf has a 12 month low of $37.40 and a 12 month high of $48.34. The company has a market capitalization of $160.63 million, a P/E 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.