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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 57,615 shares, a drop of 74.4% from the August 15th total of 225,498 shares. Based on an average daily volume of 132,704 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Trading of Pacer Data and Digital Revolution ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Pacer Data and Digital Revolution ETF by 88.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock worth $3,012,000 after acquiring an additional 22,042 shares in the last quarter. NewEdge Advisors LLC raised its position in Pacer Data and Digital Revolution ETF by 394.5% during the fourth quarter. NewEdge Advisors LLC now owns 20,550 shares of the company’s stock valued at $1,316,000 after purchasing an additional 16,394 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Pacer Data and Digital Revolution ETF by 64.2% during the first 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. Betterment LLC bought a new stake in Pacer Data and Digital Revolution ETF during the fourth quarter worth $304,000. Finally, Synergy Investment Management LLC bought a new stake in Pacer Data and Digital Revolution ETF during the fourth quarter worth $236,000.

Pacer Data and Digital Revolution ETF Price Performance

TRFK traded down $3.49 on Monday, hitting $92.93. 116,692 shares of the stock were exchanged, compared to its average volume of 151,269. The firm has a market capitalization of $986.94 million, a price-to-earnings ratio of 41.50 and a beta of 1.55. Pacer Data and Digital Revolution ETF has a 12 month low of $58.82 and a 12 month high of $115.58. The business has a 50-day moving average of $94.31 and a two-hundred day moving average of $86.55.

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.