Short Interest in Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) Drops By 50.8%

Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 59 shares, a decrease of 50.8% from the August 15th total of 120 shares. Based on an average trading volume of 536 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Pacer BlueStar Digital Entertainment ETF Stock Performance

Shares of NASDAQ:ODDS traded down $0.12 during midday trading on Tuesday, hitting $25.74. The company’s stock had a trading volume of 50 shares, compared to its average volume of 923. The business’s 50 day simple moving average is $25.36 and its 200 day simple moving average is $24.63. The company has a market cap of $25.71 million, a P/E ratio of 24.94 and a beta of 1.09. Pacer BlueStar Digital Entertainment ETF has a 12-month low of $22.61 and a 12-month high of $35.52.

Pacer BlueStar Digital Entertainment ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Thursday, September 3rd were issued a $0.0226 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $0.09 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pacer BlueStar Digital Entertainment ETF stock. Harbour Investments Inc. grew its stake in Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) by 67.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,554 shares of the company’s stock after purchasing an additional 5,447 shares during the period. Harbour Investments Inc. owned approximately 8.47% of Pacer BlueStar Digital Entertainment ETF worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Pacer BlueStar Digital Entertainment ETF

The Pacer BlueStar Digital Entertainment ETF (ODDS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a tier-weighted index of globally-listed companies that focuses on the digital entertainment industry, including online gambling, video gaming, content streaming, and eSports. ODDS was launched on Apr 8, 2022 and is managed by Pacer.