Short Interest in Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Decreases By 88.6%

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 14,590 shares, a decline of 88.6% from the June 30th total of 128,116 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 190,337 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc acquired a new stake in Pacer Data and Digital Revolution ETF during the third quarter worth approximately $61,000. Nova Wealth Management Inc. boosted its holdings in shares of Pacer Data and Digital Revolution ETF by 134.9% during the 4th quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock worth $79,000 after buying an additional 711 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $236,000. NewEdge Advisors LLC acquired a new stake in shares of Pacer Data and Digital Revolution ETF during the 3rd quarter worth approximately $278,000. Finally, Betterment LLC acquired a new stake in shares of Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $304,000.

Pacer Data and Digital Revolution ETF Stock Down 4.2%

TRFK traded down $3.95 during trading on Friday, reaching $90.85. 130,159 shares of the stock traded hands, compared to its average volume of 153,460. The stock’s 50-day moving average is $99.21 and its 200 day moving average is $79.31. Pacer Data and Digital Revolution ETF has a 12 month low of $58.82 and a 12 month high of $115.58. The stock has a market capitalization of $952.11 million, a PE ratio of 41.50 and a beta of 1.52.

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.