Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Short Interest Down 34.9% in June

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 7,427 shares, a drop of 34.9% from the May 31st total of 11,412 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 8,202 shares, the days-to-cover ratio is currently 0.9 days.

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

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 shares of Pimco Rafi Esg U.S. Etf in the fourth quarter valued at approximately $882,000. Savant Capital LLC bought a new stake in shares of Pimco Rafi Esg U.S. Etf during the 4th quarter worth $8,320,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Pimco Rafi Esg U.S. Etf during the 4th quarter worth $4,207,000. Commonwealth Equity Services LLC grew its stake 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, Sankala Group LLC bought a new position in Pimco Rafi Esg U.S. Etf in the 4th quarter worth $105,000.

Pimco Rafi Esg U.S. Etf Price Performance

Shares of RAFE stock remained flat at $48.04 on Friday. 6,150 shares of the company traded hands, compared to its average volume of 14,291. The firm has a market cap of $160.93 million, a PE ratio of 17.96 and a beta of 0.87. The firm’s fifty day moving average price is $46.34 and its two-hundred day moving average price is $43.95. Pimco Rafi Esg U.S. Etf has a 1-year low of $37.40 and a 1-year high of $48.16.

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.