Short Interest in Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) Increases By 333.3%

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 2,600 shares, a growth of 333.3% from the May 15th total of 600 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its holdings in shares of Pimco Rafi Esg U.S. Etf by 12.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 75,918 shares of the company’s stock valued at $2,760,000 after buying an additional 8,556 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Pimco Rafi Esg U.S. Etf by 15.6% during the fourth quarter. LPL Financial LLC now owns 36,475 shares of the company’s stock valued at $1,326,000 after buying an additional 4,933 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in shares of Pimco Rafi Esg U.S. Etf during the fourth quarter valued at approximately $16,864,000. Financial Insights Inc. raised its holdings in shares of Pimco Rafi Esg U.S. Etf by 92.3% during the fourth quarter. Financial Insights Inc. now owns 14,694 shares of the company’s stock valued at $534,000 after buying an additional 7,051 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. bought a new stake in shares of Pimco Rafi Esg U.S. Etf during the first quarter valued at approximately $218,000.

Pimco Rafi Esg U.S. Etf Stock Performance

NYSEARCA:RAFE opened at $36.85 on Friday. The stock has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $36.46. Pimco Rafi Esg U.S. Etf has a one year low of $31.58 and a one year high of $38.50. The company has a market capitalization of $86.60 million, a price-to-earnings ratio of 19.61 and a beta of 0.92.

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.