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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 14,982 shares, a decrease of 76.7% from the September 30th total of 64,327 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 173,756 shares, the days-to-cover ratio is currently 0.1 days.

Pacer Data and Digital Revolution ETF Stock Down 2.5%

TRFK traded down $2.36 during trading on Thursday, reaching $91.86. 192,983 shares of the company’s stock were exchanged, compared to its average volume of 154,107. Pacer Data and Digital Revolution ETF has a fifty-two week low of $58.82 and a fifty-two week high of $115.58. The business has a 50 day moving average price of $95.72 and a 200 day moving average price of $84.81. The company has a market capitalization of $1.12 billion, a P/E ratio of 41.50 and a beta of 1.54.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its position in Pacer Data and Digital Revolution ETF by 64.2% in the first quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock worth $862,000 after purchasing an additional 5,417 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Pacer Data and Digital Revolution ETF by 24.3% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 3,009 shares of the company’s stock worth $303,000 after buying an additional 588 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Pacer Data and Digital Revolution ETF during the 3rd quarter worth approximately $96,000.

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.