Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) Stock Short Interest Climbs 1,734.8%

Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,211 shares, an increase of 1,734.8% from the October 15th total of 66 shares. Based on an average trading volume of 546 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.9% of the shares of the company are sold short.

Pacer BlueStar Digital Entertainment ETF Price Performance

Pacer BlueStar Digital Entertainment ETF stock traded down $0.24 during midday trading on Tuesday, hitting $24.32. The company’s stock had a trading volume of 18 shares, compared to its average volume of 852. Pacer BlueStar Digital Entertainment ETF has a 1-year low of $22.61 and a 1-year high of $30.42. The company has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $24.59. The company has a market cap of $3.41 million, a price-to-earnings ratio of 16.88 and a beta of 1.09.

Pacer BlueStar Digital Entertainment ETF Dividend Announcement

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

Institutional Investors Weigh In On Pacer BlueStar Digital Entertainment ETF

A hedge fund recently raised its stake in Pacer BlueStar Digital Entertainment ETF stock. Citadel Advisors LLC increased its stake in shares of Pacer BlueStar Digital Entertainment ETF (NASDAQ:ODDS) by 84.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,911 shares of the company’s stock after buying an additional 7,765 shares during the quarter. Citadel Advisors LLC owned about 10.57% of Pacer BlueStar Digital Entertainment ETF worth $408,000 at the end of the most recent reporting period.

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.