Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Update

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 24,211 shares, a growth of 99.0% from the December 15th total of 12,168 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 145,288 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 145,288 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Pacer Data and Digital Revolution ETF

Several hedge funds have recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in shares of Pacer Data and Digital Revolution ETF during the 3rd quarter valued at about $35,000. GPS Wealth Strategies Group LLC bought a new position in Pacer Data and Digital Revolution ETF during the third quarter valued at approximately $53,000. IFP Advisors Inc bought a new position in Pacer Data and Digital Revolution ETF during the third quarter valued at approximately $61,000. Janney Montgomery Scott LLC purchased a new position in shares of Pacer Data and Digital Revolution ETF during the second quarter worth approximately $223,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter worth approximately $247,000.

Pacer Data and Digital Revolution ETF Price Performance

NYSEARCA:TRFK traded up $1.30 during trading hours on Thursday, hitting $66.15. The stock had a trading volume of 50,520 shares, compared to its average volume of 143,263. The company has a 50 day simple moving average of $65.83 and a two-hundred day simple moving average of $65.09. The firm has a market capitalization of $416.75 million, a price-to-earnings ratio of 41.50 and a beta of 1.29. Pacer Data and Digital Revolution ETF has a one year low of $37.46 and a one year high of $74.22.

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.