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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 128,116 shares, an increase of 457.8% from the June 15th total of 22,968 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 196,244 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRFK. NewEdge Advisors LLC acquired a new position in Pacer Data and Digital Revolution ETF in the third quarter valued at $278,000. IFP Advisors Inc acquired a new stake in shares of Pacer Data and Digital Revolution ETF during the third quarter worth about $61,000. Nova Wealth Management Inc. grew its holdings in shares of Pacer Data and Digital Revolution ETF by 134.9% during the fourth quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock worth $79,000 after buying an additional 711 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Pacer Data and Digital Revolution ETF during the fourth quarter worth about $336,000. Finally, Western Wealth Management LLC increased its position 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 valued at $3,977,000 after acquiring an additional 19,110 shares during the period.

Pacer Data and Digital Revolution ETF Price Performance

Shares of TRFK stock traded down $4.95 during trading hours on Monday, hitting $95.49. The stock had a trading volume of 203,614 shares, compared to its average volume of 150,734. The firm has a market capitalization of $979.73 million, a PE ratio of 41.50 and a beta of 1.52. Pacer Data and Digital Revolution ETF has a twelve month low of $58.77 and a twelve month high of $115.58. The stock’s 50 day moving average is $98.14 and its 200 day moving average is $77.37.

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.