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 decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,590 shares, a decrease of 88.6% from the June 30th total of 128,116 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 190,337 shares, the short-interest ratio is currently 0.1 days.

Pacer Data and Digital Revolution ETF Trading Down 4.2%

NYSEARCA:TRFK traded down $3.95 during trading hours on Friday, hitting $90.85. 130,159 shares of the company were exchanged, compared to its average volume of 153,460. The stock has a market capitalization of $952.11 million, a price-to-earnings ratio of 41.50 and a beta of 1.52. Pacer Data and Digital Revolution ETF has a one year low of $58.82 and a one year high of $115.58. The company has a fifty day simple moving average of $99.21 and a 200 day simple moving average of $79.31.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC lifted its stake in shares of Pacer Data and Digital Revolution ETF by 44.5% in the fourth quarter. Western Wealth Management LLC now owns 62,082 shares of the company’s stock worth $3,977,000 after acquiring an additional 19,110 shares during the period. Janney Montgomery Scott LLC increased its position in Pacer Data and Digital Revolution ETF by 88.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock valued at $3,012,000 after purchasing an additional 22,042 shares during the period. NewEdge Advisors LLC raised its holdings in Pacer Data and Digital Revolution ETF by 394.5% during the 4th 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 last quarter. Arkadios Wealth Advisors lifted 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 worth $862,000 after purchasing an additional 5,417 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter worth approximately $336,000.

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.