Short Interest in Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Decreases By 74.4%

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 57,615 shares, a decline of 74.4% from the August 15th total of 225,498 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 132,704 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Data and Digital Revolution ETF Trading Up 1.2%

Shares of TRFK stock traded up $1.19 on Friday, reaching $96.42. The company had a trading volume of 90,685 shares, compared to its average volume of 151,490. The stock has a market cap of $1.02 billion, a PE ratio of 41.50 and a beta of 1.55. The company has a 50-day moving average of $94.31 and a 200-day moving average of $86.38. Pacer Data and Digital Revolution ETF has a 12 month low of $58.82 and a 12 month high of $115.58.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

Several hedge funds have recently bought and sold shares of TRFK. Janney Montgomery Scott LLC grew its holdings in shares of Pacer Data and Digital Revolution ETF by 88.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock valued at $3,012,000 after buying an additional 22,042 shares during the period. NewEdge Advisors LLC raised its position in shares of 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 worth $1,316,000 after purchasing an additional 16,394 shares during the period. Arkadios Wealth Advisors grew its position in shares of Pacer Data and Digital Revolution ETF by 64.2% in the 1st quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock valued at $862,000 after purchasing an additional 5,417 shares during the period. Betterment LLC bought a new stake in Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $304,000. Finally, Synergy Investment Management LLC bought a new stake in Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $236,000.

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.