Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Update

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 225,498 shares, a growth of 1,220.4% from the July 30th total of 17,078 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 138,696 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Synergy Investment Management LLC purchased a new stake in Pacer Data and Digital Revolution ETF during the fourth quarter valued at $236,000. NewEdge Advisors LLC bought a new stake in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter worth about $278,000. Betterment LLC bought a new stake in shares of Pacer Data and Digital Revolution ETF in the 4th quarter worth about $304,000. Kingswood Wealth Advisors LLC purchased a new stake in Pacer Data and Digital Revolution ETF during the fourth quarter valued at approximately $336,000. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Pacer Data and Digital Revolution ETF by 128.8% in the 4th quarter. Arkadios Wealth Advisors now owns 8,437 shares of the company’s stock worth $540,000 after purchasing an additional 4,749 shares during the period.

Pacer Data and Digital Revolution ETF Stock Up 0.7%

Shares of NYSEARCA TRFK traded up $0.62 during midday trading on Wednesday, hitting $92.88. The stock had a trading volume of 17,520 shares, compared to its average volume of 153,019. Pacer Data and Digital Revolution ETF has a 52 week low of $58.82 and a 52 week high of $115.58. The company has a market cap of $986.39 million, a P/E ratio of 41.50 and a beta of 1.55. The business’s 50 day moving average is $96.72 and its 200-day moving average is $83.78.

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.