Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Up 22.3% in April

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 57,606 shares, a growth of 22.3% from the March 31st total of 47,114 shares. Based on an average trading volume of 94,549 shares, the short-interest ratio is presently 0.6 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Trading of Pacer Data and Digital Revolution ETF

Several large investors have recently bought and sold shares of the company. Nova Wealth Management Inc. increased its stake in Pacer Data and Digital Revolution ETF by 134.9% during the 4th quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock worth $79,000 after buying an additional 711 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in shares of Pacer Data and Digital Revolution ETF in the third quarter worth about $53,000. IFP Advisors Inc acquired a new position in shares of Pacer Data and Digital Revolution ETF in the third quarter worth about $61,000. Synergy Investment Management LLC purchased a new position in shares of Pacer Data and Digital Revolution ETF during the 4th quarter valued at approximately $236,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Pacer Data and Digital Revolution ETF during the 3rd quarter valued at approximately $247,000.

Pacer Data and Digital Revolution ETF Stock Performance

Pacer Data and Digital Revolution ETF stock traded up $1.52 during trading on Friday, reaching $82.85. 162,382 shares of the company’s stock were exchanged, compared to its average volume of 124,085. The company’s 50-day moving average is $67.41 and its two-hundred day moving average is $66.90. Pacer Data and Digital Revolution ETF has a 52-week low of $46.88 and a 52-week high of $83.03. The firm has a market cap of $628.00 million, a price-to-earnings ratio of 41.50 and a beta of 1.29.

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.