Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Down 74.4% in August

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 57,615 shares, a decline of 74.4% from the August 15th total of 225,498 shares. Based on an average trading volume of 132,704 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the company’s shares are short sold.

Pacer Data and Digital Revolution ETF Trading Up 1.2%

NYSEARCA:TRFK traded up $1.19 on Friday, hitting $96.42. 90,685 shares of the stock were exchanged, compared to its average volume of 151,490. The stock has a fifty day moving average of $94.31 and a 200-day moving average of $86.38. The stock has a market cap of $1.02 billion, a PE ratio of 41.50 and a beta of 1.55. Pacer Data and Digital Revolution ETF has a fifty-two week low of $58.82 and a fifty-two week high of $115.58.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRFK. Arkadios Wealth Advisors grew its stake in Pacer Data and Digital Revolution ETF by 64.2% during the first quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock worth $862,000 after buying an additional 5,417 shares during the period. NewEdge Advisors LLC raised its stake in shares of Pacer Data and Digital Revolution ETF by 394.5% in the 4th quarter. NewEdge Advisors LLC now owns 20,550 shares of the company’s stock valued at $1,316,000 after acquiring an additional 16,394 shares during the period. Betterment LLC purchased a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter valued at $304,000. Janney Montgomery Scott LLC lifted its holdings in shares of Pacer Data and Digital Revolution ETF by 88.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock valued at $3,012,000 after acquiring an additional 22,042 shares in the last quarter. Finally, Synergy Investment Management LLC acquired a new position in shares of Pacer Data and Digital Revolution ETF during the 4th quarter valued at $236,000.

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.