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 decline in short interest in June. As of June 15th, there was short interest totaling 22,968 shares, a decline of 46.3% from the May 31st total of 42,773 shares. Based on an average daily trading volume, of 263,677 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pacer Data and Digital Revolution ETF

Large investors have recently modified their holdings of the company. Western Wealth Management LLC boosted its stake in Pacer Data and Digital Revolution ETF by 44.5% in the fourth quarter. Western Wealth Management LLC now owns 62,082 shares of the company’s stock worth $3,977,000 after buying an additional 19,110 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of 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 acquiring an additional 5,417 shares in the last quarter. NewEdge Advisors LLC lifted its holdings 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 worth $1,316,000 after acquiring an additional 16,394 shares during the last quarter. Betterment LLC bought a new stake in shares of Pacer Data and Digital Revolution ETF in the 4th quarter worth approximately $304,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Pacer Data and Digital Revolution ETF by 88.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock valued at $3,012,000 after purchasing an additional 22,042 shares in the last quarter.

Pacer Data and Digital Revolution ETF Trading Down 4.9%

Shares of NYSEARCA:TRFK traded down $4.99 during trading on Thursday, reaching $96.62. The company had a trading volume of 250,075 shares, compared to its average volume of 149,517. The company has a fifty day moving average of $95.83 and a two-hundred day moving average of $75.88. The stock has a market capitalization of $948.81 million, a P/E ratio of 41.50 and a beta of 1.51. Pacer Data and Digital Revolution ETF has a 12 month low of $58.77 and a 12 month high of $115.58.

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.