Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Shares Shorted: Short Interest Up 218.2% in October

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 47,672 shares, a growth of 218.2% from the October 15th total of 14,982 shares. Based on an average daily volume of 180,455 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in shares of Pacer Data and Digital Revolution ETF during the third quarter worth $96,000. Kingswood Wealth Advisors LLC raised its position in shares of Pacer Data and Digital Revolution ETF by 24.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 3,009 shares of the company’s stock valued at $303,000 after buying an additional 588 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Pacer Data and Digital Revolution ETF by 64.2% in the first quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock worth $862,000 after buying an additional 5,417 shares in the last quarter. Harbour Investments Inc. purchased a new position in shares of Pacer Data and Digital Revolution ETF in the third quarter worth about $4,784,000. Finally, Western Wealth Management LLC boosted its position in Pacer Data and Digital Revolution ETF by 7.4% during the third quarter. Western Wealth Management LLC now owns 76,169 shares of the company’s stock worth $7,682,000 after acquiring an additional 5,235 shares during the last quarter.

Pacer Data and Digital Revolution ETF Price Performance

NYSEARCA TRFK traded down $0.03 during mid-day trading on Thursday, hitting $81.15. The stock had a trading volume of 124,839 shares, compared to its average volume of 160,513. The firm’s 50 day moving average is $93.12 and its 200 day moving average is $85.56. Pacer Data and Digital Revolution ETF has a twelve month low of $58.82 and a twelve month high of $115.58. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.34 and a beta of 1.58.

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.