Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Sees Large Drop in Short Interest

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 29,184 shares, a decline of 49.3% from the August 31st total of 57,615 shares. Based on an average daily trading volume, of 111,518 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Pacer Data and Digital Revolution ETF Price Performance

TRFK stock opened at $100.13 on Tuesday. Pacer Data and Digital Revolution ETF has a 1-year low of $58.82 and a 1-year high of $115.58. The business has a 50 day simple moving average of $94.92 and a two-hundred day simple moving average of $89.29. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 41.50 and a beta of 1.55.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Pacer Data and Digital Revolution ETF stock. Arkadios Wealth Advisors boosted its stake in shares of Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) by 64.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,854 shares of the company’s stock after acquiring an additional 5,417 shares during the quarter. Arkadios Wealth Advisors owned about 0.18% of Pacer Data and Digital Revolution ETF worth $862,000 as of its most recent SEC filing.

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.