Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Sees Large Growth in Short Interest

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 128,116 shares, an increase of 457.8% from the June 15th total of 22,968 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 196,244 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

A number of large investors have recently added to or reduced their stakes in TRFK. IFP Advisors Inc acquired a new stake in Pacer Data and Digital Revolution ETF during the 3rd quarter valued at $61,000. Nova Wealth Management Inc. increased its holdings in shares of Pacer Data and Digital Revolution ETF by 134.9% in the fourth quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock valued at $79,000 after purchasing an additional 711 shares during the last quarter. Synergy Investment Management LLC acquired a new position in shares of Pacer Data and Digital Revolution ETF in the fourth quarter valued at $236,000. NewEdge Advisors LLC bought a new position in shares of Pacer Data and Digital Revolution ETF in the third quarter valued at about $278,000. Finally, Betterment LLC acquired a new stake in shares of Pacer Data and Digital Revolution ETF during the 4th quarter worth about $304,000.

Pacer Data and Digital Revolution ETF Trading Down 0.9%

NYSEARCA:TRFK traded down $0.96 on Friday, hitting $100.44. The company’s stock had a trading volume of 231,147 shares, compared to its average volume of 150,410. Pacer Data and Digital Revolution ETF has a one year low of $58.77 and a one year high of $115.58. The firm has a market capitalization of $1.03 billion, a P/E ratio of 41.50 and a beta of 1.52. The stock has a fifty day moving average of $98.14 and a two-hundred day moving average of $77.29.

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.