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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 57,615 shares, a decrease 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. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Pacer Data and Digital Revolution ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Pacer Data and Digital Revolution ETF by 88.2% in the fourth 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. NewEdge Advisors LLC grew its holdings in shares of Pacer Data and Digital Revolution ETF by 394.5% during the fourth quarter. NewEdge Advisors LLC now owns 20,550 shares of the company’s stock worth $1,316,000 after buying an additional 16,394 shares in the last quarter. Arkadios Wealth Advisors raised its position in Pacer Data and Digital Revolution ETF by 64.2% in the 1st quarter. Arkadios Wealth Advisors now owns 13,854 shares of the company’s stock valued at $862,000 after buying an additional 5,417 shares during the last quarter. Betterment LLC acquired a new stake in Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $304,000. Finally, Synergy Investment Management LLC bought a new stake in Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $236,000.

Pacer Data and Digital Revolution ETF Stock Up 1.2%

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

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.