Short Interest in Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Drops By 65.3%

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 16,367 shares, a decline of 65.3% from the January 15th total of 47,202 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 172,732 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 172,732 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRFK. Nova Wealth Management Inc. purchased a new stake in Pacer Data and Digital Revolution ETF in the third quarter valued at about $35,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Pacer Data and Digital Revolution ETF during the third quarter worth about $53,000. IFP Advisors Inc acquired a new position in shares of Pacer Data and Digital Revolution ETF during the third quarter valued at about $61,000. Synergy Investment Management LLC purchased a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $236,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter valued at approximately $247,000.

Pacer Data and Digital Revolution ETF Price Performance

NYSEARCA TRFK traded down $0.27 on Wednesday, hitting $65.81. The stock had a trading volume of 100,603 shares, compared to its average volume of 155,858. The business’s fifty day moving average price is $65.12 and its 200 day moving average price is $65.78. Pacer Data and Digital Revolution ETF has a 52-week low of $37.46 and a 52-week high of $74.22. The stock has a market cap of $448.83 million, a price-to-earnings ratio of 41.50 and a beta of 1.29.

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.