Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Up 1,220.4% in August

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 225,498 shares, a growth of 1,220.4% from the July 30th total of 17,078 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 138,696 shares, the days-to-cover ratio is currently 1.6 days.

Pacer Data and Digital Revolution ETF Stock Up 1.5%

TRFK traded up $1.33 during trading on Tuesday, hitting $92.26. 122,031 shares of the company traded hands, compared to its average volume of 153,886. Pacer Data and Digital Revolution ETF has a one year low of $58.82 and a one year high of $115.58. The stock’s fifty day moving average is $96.72 and its 200 day moving average is $83.78. The firm has a market cap of $979.80 million, a P/E ratio of 41.50 and a beta of 1.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Synergy Investment Management LLC purchased a new stake in shares of Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $236,000. NewEdge Advisors LLC bought a new position in Pacer Data and Digital Revolution ETF during the third quarter valued at $278,000. Betterment LLC purchased a new stake in Pacer Data and Digital Revolution ETF in the fourth quarter worth $304,000. Arkadios Wealth Advisors raised its stake in shares of Pacer Data and Digital Revolution ETF by 128.8% in the fourth quarter. Arkadios Wealth Advisors now owns 8,437 shares of the company’s stock valued at $540,000 after buying an additional 4,749 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Pacer Data and Digital Revolution ETF in the fourth quarter valued at $336,000.

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.