Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Sees Large Increase in Short Interest

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 53,686 shares, a growth of 282.1% from the February 26th total of 14,052 shares. Based on an average daily volume of 150,223 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 150,223 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

Several institutional investors have recently modified their holdings of TRFK. Nova Wealth Management Inc. purchased a new stake in shares of Pacer Data and Digital Revolution ETF during the third quarter valued at approximately $35,000. GPS Wealth Strategies Group LLC bought a new stake in Pacer Data and Digital Revolution ETF during the third quarter worth $53,000. IFP Advisors Inc purchased a new position in Pacer Data and Digital Revolution ETF in the third quarter worth $61,000. Synergy Investment Management LLC purchased a new position in Pacer Data and Digital Revolution ETF in the fourth quarter worth $236,000. Finally, Arkadios Wealth Advisors bought a new position in Pacer Data and Digital Revolution ETF in the 3rd quarter valued at $247,000.

Pacer Data and Digital Revolution ETF Stock Performance

Shares of TRFK stock opened at $63.34 on Wednesday. Pacer Data and Digital Revolution ETF has a 52-week low of $37.46 and a 52-week high of $74.22. The company has a 50-day simple moving average of $64.31 and a two-hundred day simple moving average of $66.24. The company has a market capitalization of $431.98 million, a price-to-earnings ratio of 41.50 and a beta of 1.29.

Pacer Data and Digital Revolution ETF Company Profile

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.