Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) Short Interest Down 51.1% in July

Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 133 shares, a drop of 51.1% from the July 15th total of 272 shares. Based on an average daily trading volume, of 560 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in Pacer BlueStar Digital Entertainment ETF in the 3rd quarter valued at about $263,000. Cetera Investment Advisers purchased a new stake in Pacer BlueStar Digital Entertainment ETF during the 4th quarter worth approximately $216,000. Finally, Harbour Investments Inc. raised its holdings in shares of Pacer BlueStar Digital Entertainment ETF by 67.2% during the fourth quarter. Harbour Investments Inc. now owns 13,554 shares of the company’s stock valued at $395,000 after acquiring an additional 5,447 shares during the last quarter.

Pacer BlueStar Digital Entertainment ETF Stock Performance

Pacer BlueStar Digital Entertainment ETF stock traded up $0.65 during trading on Friday, reaching $26.02. The company had a trading volume of 21 shares, compared to its average volume of 997. The firm has a market capitalization of $4.16 million, a PE ratio of 24.94 and a beta of 1.09. The firm’s 50-day simple moving average is $24.79 and its 200 day simple moving average is $24.57. Pacer BlueStar Digital Entertainment ETF has a 1-year low of $22.61 and a 1-year high of $35.52.

Pacer BlueStar Digital Entertainment ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were given a $0.1168 dividend. This is a positive change from Pacer BlueStar Digital Entertainment ETF’s previous dividend of $0.01. The ex-dividend date was Thursday, June 4th.

About Pacer BlueStar Digital Entertainment ETF

The Pacer BlueStar Digital Entertainment ETF (ODDS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a tier-weighted index of globally-listed companies that focuses on the digital entertainment industry, including online gambling, video gaming, content streaming, and eSports. ODDS was launched on Apr 8, 2022 and is managed by Pacer.