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

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 14,954 shares, an increase of 236.2% from the July 30th total of 4,448 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 7,972 shares, the days-to-cover ratio is currently 1.9 days.

Pimco Rafi Esg U.S. Etf Price Performance

Shares of NYSEARCA:RAFE traded down $0.06 during mid-day trading on Thursday, hitting $50.56. The company had a trading volume of 3,628 shares, compared to its average volume of 13,039. Pimco Rafi Esg U.S. Etf has a one year low of $39.10 and a one year high of $50.65. The firm has a fifty day moving average price of $48.70 and a 200 day moving average price of $45.71. The company has a market capitalization of $171.90 million, a PE ratio of 17.96 and a beta of 0.87.

Hedge Funds Weigh In On Pimco Rafi Esg U.S. Etf

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new position in shares of Pimco Rafi Esg U.S. Etf during the second quarter valued at $55,000. Sankala Group LLC purchased a new stake in Pimco Rafi Esg U.S. Etf in the 4th quarter worth approximately $105,000. Ascentis Independent Advisors purchased a new stake in shares of Pimco Rafi Esg U.S. Etf in the first quarter valued at about $114,000. Royal Bank of Canada purchased a new position in Pimco Rafi Esg U.S. Etf during the first quarter worth about $153,000. Finally, AdvisorNet Financial Inc boosted its holdings in Pimco Rafi Esg U.S. Etf by 28.1% in the 1st quarter. AdvisorNet Financial Inc now owns 3,835 shares of the company’s stock valued at $160,000 after purchasing an additional 841 shares during the last quarter.

About Pimco Rafi Esg U.S. Etf

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.