Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Shares Shorted: Short Interest Up 120.4% in September

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 64,327 shares, an increase of 120.4% from the September 15th total of 29,184 shares. Based on an average daily volume of 175,012 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are sold short.

Pacer Data and Digital Revolution ETF Stock Down 2.3%

TRFK stock opened at $95.62 on Tuesday. Pacer Data and Digital Revolution ETF has a 52-week low of $58.82 and a 52-week high of $115.58. The company’s 50-day simple moving average is $97.21 and its 200-day simple moving average is $91.96. The firm has a market cap of $1.15 billion, a P/E ratio of 41.50 and a beta of 1.54.

Institutional Trading of Pacer Data and Digital Revolution ETF

A hedge fund recently raised its stake in Pacer Data and Digital Revolution ETF stock. Arkadios Wealth Advisors grew its holdings in Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) by 64.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,854 shares of the company’s stock after buying an additional 5,417 shares during the period. Arkadios Wealth Advisors owned 0.18% of Pacer Data and Digital Revolution ETF worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

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.