Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Short Interest Update

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

Pimco Rafi Esg U.S. Etf Price Performance

Shares of RAFE stock opened at $50.41 on Friday. Pimco Rafi Esg U.S. Etf has a 1-year low of $39.10 and a 1-year high of $50.65. The firm has a market cap of $171.39 million, a PE ratio of 17.96 and a beta of 0.87. The company has a 50-day moving average of $48.82 and a two-hundred day moving average of $45.79.

Institutional Trading of Pimco Rafi Esg U.S. Etf

Several hedge funds have recently made changes to their positions in RAFE. Smartleaf Asset Management LLC purchased a new stake in Pimco Rafi Esg U.S. Etf during the 2nd quarter worth approximately $55,000. Sankala Group LLC purchased a new position in Pimco Rafi Esg U.S. Etf in the fourth quarter valued at $105,000. Ascentis Independent Advisors purchased a new position in Pimco Rafi Esg U.S. Etf in the first quarter valued at $114,000. Royal Bank of Canada acquired a new position in Pimco Rafi Esg U.S. Etf during the 1st quarter worth $153,000. Finally, AdvisorNet Financial Inc grew its stake in Pimco Rafi Esg U.S. Etf by 28.1% during the 1st quarter. AdvisorNet Financial Inc now owns 3,835 shares of the company’s stock worth $160,000 after purchasing an additional 841 shares in 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.