Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Update

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 22,968 shares, a drop of 46.3% from the May 31st total of 42,773 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 263,677 shares, the short-interest ratio is presently 0.1 days.

Pacer Data and Digital Revolution ETF Trading Down 4.8%

Shares of NYSEARCA TRFK traded down $5.09 during midday trading on Wednesday, hitting $101.61. The company’s stock had a trading volume of 146,954 shares, compared to its average volume of 148,707. The business’s 50 day moving average is $94.91 and its two-hundred day moving average is $75.42. Pacer Data and Digital Revolution ETF has a 12-month low of $57.79 and a 12-month high of $115.58. The firm has a market cap of $770.20 million, a P/E ratio of 41.50 and a beta of 1.53.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

Several hedge funds have recently bought and sold shares of TRFK. IFP Advisors Inc bought a new stake in shares of Pacer Data and Digital Revolution ETF during the third quarter worth $61,000. Nova Wealth Management Inc. increased its stake in Pacer Data and Digital Revolution ETF by 134.9% in 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 during the period. Synergy Investment Management LLC purchased a new position in Pacer Data and Digital Revolution ETF in the 4th quarter worth about $236,000. NewEdge Advisors LLC purchased a new stake in Pacer Data and Digital Revolution ETF in the 3rd quarter valued at about $278,000. Finally, Betterment LLC purchased a new stake in Pacer Data and Digital Revolution ETF in the 4th quarter valued at about $304,000.

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.