Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Sees Significant Decrease in Short Interest
by Jessica Moore · The Cerbat GemPimco Rafi Esg U.S. Etf (NYSEARCA:RAFE – Get Free Report) was the recipient of a significant 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 9,698 shares, the days-to-cover ratio is currently 0.3 days.
Pimco Rafi Esg U.S. Etf Stock Performance
Shares of NYSEARCA:RAFE traded up $0.25 during midday trading on Friday, reaching $47.09. 15,888 shares of the company’s stock traded hands, compared to its average volume of 13,435. The company has a market cap of $148.33 million, a price-to-earnings ratio of 17.96 and a beta of 0.87. Pimco Rafi Esg U.S. Etf has a one year low of $36.18 and a one year high of $47.10. The stock has a 50 day moving average of $43.83 and a 200 day moving average of $42.91.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RAFE. Goldman Sachs Group Inc. bought a new position in shares of Pimco Rafi Esg U.S. Etf during the first quarter valued at $769,000. Smartleaf Asset Management LLC bought a new position in Pimco Rafi Esg U.S. Etf in the second quarter valued at about $55,000. Osaic Holdings Inc. lifted its holdings in Pimco Rafi Esg U.S. Etf by 27.3% in the second quarter. Osaic Holdings Inc. now owns 22,407 shares of the company’s stock valued at $855,000 after acquiring an additional 4,805 shares during the period. GenWealth Group Inc. lifted its holdings in Pimco Rafi Esg U.S. Etf by 2.9% in the third quarter. GenWealth Group Inc. now owns 85,926 shares of the company’s stock valued at $3,497,000 after acquiring an additional 2,409 shares during the period. Finally, Bank of America Corp DE lifted its holdings in 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 acquiring an additional 450 shares during the period.
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.