Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Sees Significant Growth in Short Interest

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large increase in short interest in 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. Based on an average daily trading volume, of 196,244 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.3% of the company’s stock are short sold.

Pacer Data and Digital Revolution ETF Stock Down 0.9%

Shares of TRFK traded down $0.96 during midday trading on Friday, reaching $100.44. 231,147 shares of the stock were exchanged, compared to its average volume of 150,410. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 41.50 and a beta of 1.52. Pacer Data and Digital Revolution ETF has a 12-month low of $58.77 and a 12-month high of $115.58. The firm has a 50 day simple moving average of $98.14 and a 200-day simple moving average of $77.37.

Institutional Trading of Pacer Data and Digital Revolution ETF

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new stake in Pacer Data and Digital Revolution ETF in the third quarter worth approximately $278,000. IFP Advisors Inc bought a new position in shares of Pacer Data and Digital Revolution ETF during the 3rd quarter valued at $61,000. Nova Wealth Management Inc. raised 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 valued at $79,000 after purchasing an additional 711 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Pacer Data and Digital Revolution ETF in the 4th quarter valued at $336,000. Finally, Western Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 19,110 shares during the last quarter.

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.