Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Shares Shorted: Short Interest Up 218.2% in October

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 47,672 shares, a growth of 218.2% from the October 15th total of 14,982 shares. Based on an average daily trading volume, of 180,455 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC grew its position in shares of Pacer Data and Digital Revolution ETF by 7.4% in the third quarter. Western Wealth Management LLC now owns 76,169 shares of the company’s stock valued at $7,682,000 after purchasing an additional 5,235 shares during the period. Harbour Investments Inc. acquired a new position in shares of Pacer Data and Digital Revolution ETF during the 3rd quarter worth about $4,784,000. Arkadios Wealth Advisors raised its position in shares of Pacer Data and Digital Revolution ETF by 64.2% during the 1st quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock worth $862,000 after purchasing an additional 5,417 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in Pacer Data and Digital Revolution ETF by 24.3% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,009 shares of the company’s stock worth $303,000 after buying an additional 588 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in Pacer Data and Digital Revolution ETF during the 3rd quarter worth approximately $96,000.

Pacer Data and Digital Revolution ETF Stock Performance

Pacer Data and Digital Revolution ETF stock traded down $0.03 during trading on Thursday, reaching $81.15. The company had a trading volume of 124,839 shares, compared to its average volume of 160,513. The firm’s 50-day simple moving average is $93.12 and its 200 day simple moving average is $85.56. Pacer Data and Digital Revolution ETF has a 1-year low of $58.82 and a 1-year high of $115.58. The firm has a market capitalization of $1.01 billion, a PE ratio of 22.34 and a beta of 1.58.

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.