Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Sees Significant Drop in Short Interest

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 22,968 shares, a drop of 46.3% from the May 31st total of 42,773 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 263,677 shares, the short-interest ratio is presently 0.1 days.

Pacer Data and Digital Revolution ETF Stock Performance

TRFK opened at $103.67 on Tuesday. Pacer Data and Digital Revolution ETF has a 52-week low of $57.67 and a 52-week high of $115.58. The firm has a market capitalization of $785.82 million, a PE ratio of 41.50 and a beta of 1.53. The business’s 50-day simple moving average is $94.29 and its 200 day simple moving average is $75.15.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc acquired a new stake in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter valued at approximately $61,000. Nova Wealth Management Inc. grew its stake in shares of Pacer Data and Digital Revolution ETF by 134.9% in the fourth quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock valued at $79,000 after buying an additional 711 shares in the last quarter. Synergy Investment Management LLC acquired a new position in Pacer Data and Digital Revolution ETF during the fourth quarter worth $236,000. NewEdge Advisors LLC acquired a new position in Pacer Data and Digital Revolution ETF during the third quarter worth $278,000. Finally, Betterment LLC acquired a new position in Pacer Data and Digital Revolution ETF during the fourth quarter worth $304,000.

Pacer Data and Digital Revolution ETF Company Profile

The Pacer Data and Digital Revolution ETF (TRFK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks market cap-weighted index of global companies involved in the use, manipulation, transmission, and storage of data, as well as the ancillary services that enable these processes. TRFK was launched on Jun 8, 2022 and is managed by Pacer.