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

by · The Cerbat Gem

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 36,618 shares, an increase of 145.0% from the August 31st total of 14,945 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 12,237 shares, the short-interest ratio is presently 3.0 days.

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

Institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Pimco Rafi Esg U.S. Etf by 36.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 138,093 shares of the company’s stock valued at $6,610,000 after purchasing an additional 36,618 shares during the period. Citadel Advisors LLC grew its position in Pimco Rafi Esg U.S. Etf by 29.0% during the second quarter. Citadel Advisors LLC now owns 34,331 shares of the company’s stock valued at $1,643,000 after buying an additional 7,724 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Pimco Rafi Esg U.S. Etf by 6.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 22,259 shares of the company’s stock valued at $1,065,000 after buying an additional 1,307 shares in the last quarter. Royal Bank of Canada purchased a new position in Pimco Rafi Esg U.S. Etf in the first quarter valued at $153,000. Finally, Cetera Investment Advisers increased its holdings in Pimco Rafi Esg U.S. Etf by 0.9% in the first quarter. Cetera Investment Advisers now owns 66,960 shares of the company’s stock valued at $2,786,000 after buying an additional 624 shares in the last quarter.

Pimco Rafi Esg U.S. Etf Price Performance

RAFE stock traded down $0.32 during trading on Monday, hitting $49.69. 27,158 shares of the company traded hands, compared to its average volume of 13,671. Pimco Rafi Esg U.S. Etf has a 1 year low of $39.76 and a 1 year high of $50.84. The company has a market cap of $168.95 million, a PE ratio of 17.96 and a beta of 0.87. The stock’s 50-day simple moving average is $49.71 and its 200 day simple moving average is $46.78.

Pimco Rafi Esg U.S. Etf Company Profile

(Get Free Report)

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.

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