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

by · The Markets Daily

Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 7,427 shares, a decrease of 34.9% from the May 31st total of 11,412 shares. Based on an average trading volume of 8,202 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Pimco Rafi Esg U.S. Etf Stock Performance

RAFE opened at $47.73 on Thursday. The company has a market cap of $159.90 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 $37.40 and a one year high of $48.16. The business’s fifty day moving average is $46.26 and its two-hundred day moving average is $43.91.

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

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new position in Pimco Rafi Esg U.S. Etf during the 1st quarter valued at about $153,000. Cetera Investment Advisers lifted its holdings in shares of 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 purchasing an additional 624 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Pimco Rafi Esg U.S. Etf in the first quarter valued at approximately $267,000. Mason & Associates Inc grew its position in shares of Pimco Rafi Esg U.S. Etf by 1.8% in the first quarter. Mason & Associates Inc now owns 20,138 shares of the company’s stock valued at $820,000 after purchasing an additional 358 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of Pimco Rafi Esg U.S. Etf during the 1st quarter worth approximately $114,000.

About Pimco Rafi Esg U.S. Etf

(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.

Featured Articles