Pimco Rafi Esg U.S. Etf (NYSEARCA:RAFE – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 11,412 shares, a growth of 365.4% from the May 14th total of 2,452 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 9,886 shares, the short-interest ratio is presently 1.2 days.
Pimco Rafi Esg U.S. Etf Stock Up 0.9%
Shares of RAFE stock opened at $47.60 on Friday. The firm has a 50 day moving average price of $45.00 and a two-hundred day moving average price of $43.36. The company has a market capitalization of $149.94 million, a PE ratio of 17.96 and a beta of 0.87. Pimco Rafi Esg U.S. Etf has a 12-month low of $36.72 and a 12-month high of $47.80.
Institutional Investors Weigh In On Pimco Rafi Esg U.S. Etf
A number of hedge funds and other institutional investors have recently made changes to their positions in RAFE. Goldman Sachs Group Inc. acquired a new stake in shares of Pimco Rafi Esg U.S. Etf in the first quarter valued at approximately $769,000. Smartleaf Asset Management LLC acquired a new stake in shares of Pimco Rafi Esg U.S. Etf in the second quarter valued at approximately $55,000. Osaic Holdings Inc. raised its position in shares of 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 buying an additional 4,805 shares in the last quarter. GenWealth Group Inc. raised its position in shares of 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 buying an additional 2,409 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of 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 buying an additional 450 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.
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