Short Interest in Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Decreases By 88.6%

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 14,590 shares, a decline of 88.6% from the June 30th total of 128,116 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 190,337 shares, the days-to-cover ratio is presently 0.1 days.

Pacer Data and Digital Revolution ETF Stock Down 4.2%

Shares of NYSEARCA TRFK traded down $3.95 during trading on Friday, reaching $90.85. The company had a trading volume of 130,159 shares, compared to its average volume of 153,460. Pacer Data and Digital Revolution ETF has a 12-month low of $58.82 and a 12-month high of $115.58. The business’s 50-day moving average is $99.21 and its 200 day moving average is $79.31. The stock has a market cap of $952.11 million, a PE ratio of 41.50 and a beta of 1.52.

Institutional Trading of Pacer Data and Digital Revolution ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TRFK. Janney Montgomery Scott LLC raised its holdings in Pacer Data and Digital Revolution ETF by 88.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock worth $3,012,000 after buying an additional 22,042 shares during the last quarter. Western Wealth Management LLC raised its holdings in Pacer Data and Digital Revolution ETF by 44.5% in the 4th quarter. Western Wealth Management LLC now owns 62,082 shares of the company’s stock worth $3,977,000 after acquiring an additional 19,110 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Pacer Data and Digital Revolution ETF by 394.5% in the 4th quarter. NewEdge Advisors LLC now owns 20,550 shares of the company’s stock worth $1,316,000 after acquiring an additional 16,394 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Pacer Data and Digital Revolution ETF by 64.2% in the 1st quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock valued at $862,000 after acquiring an additional 5,417 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $336,000.

About Pacer Data and Digital Revolution ETF

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.