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 large growth in short interest in the month of June. As of June 30th, there was short interest totaling 128,116 shares, a growth of 457.8% from the June 15th total of 22,968 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 196,244 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. raised its stake in shares of Pacer Data and Digital Revolution ETF by 134.9% in the 4th 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 period. IFP Advisors Inc bought a new position in shares of Pacer Data and Digital Revolution ETF during the third quarter worth about $61,000. Synergy Investment Management LLC bought a new position in shares of Pacer Data and Digital Revolution ETF during the fourth quarter worth about $236,000. NewEdge Advisors LLC acquired a new stake in Pacer Data and Digital Revolution ETF in the 3rd quarter valued at approximately $278,000. Finally, Betterment LLC acquired a new stake in Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $304,000.

Pacer Data and Digital Revolution ETF Price Performance

TRFK traded down $0.96 during trading on Friday, reaching $100.44. The company had a trading volume of 231,147 shares, compared to its average volume of 150,410. The company has a market cap of $1.03 billion, a P/E ratio of 41.50 and a beta of 1.52. Pacer Data and Digital Revolution ETF has a 12 month low of $58.77 and a 12 month high of $115.58. The business’s fifty day moving average price is $98.14 and its 200 day moving average price is $77.29.

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.