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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large growth in short interest in 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. Based on an average daily trading volume, of 138,696 shares, the short-interest ratio is presently 1.6 days. Approximately 2.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

A number of hedge funds have recently bought and sold shares of the stock. Synergy Investment Management LLC acquired a new stake in Pacer Data and Digital Revolution ETF in the fourth quarter valued at approximately $236,000. NewEdge Advisors LLC purchased a new stake in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter valued at approximately $278,000. Betterment LLC purchased a new stake in shares of Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $304,000. Arkadios Wealth Advisors raised its holdings in shares of Pacer Data and Digital Revolution ETF by 128.8% in the 4th quarter. Arkadios Wealth Advisors now owns 8,437 shares of the company’s stock valued at $540,000 after purchasing an additional 4,749 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Pacer Data and Digital Revolution ETF in the 4th quarter valued at $336,000.

Pacer Data and Digital Revolution ETF Trading Up 0.9%

Pacer Data and Digital Revolution ETF stock opened at $93.12 on Thursday. The firm has a market capitalization of $988.93 million, a P/E ratio of 41.50 and a beta of 1.55. Pacer Data and Digital Revolution ETF has a twelve month low of $58.82 and a twelve month high of $115.58. The stock’s fifty day simple moving average is $96.49 and its 200-day simple moving average is $84.00.

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.