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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 53,686 shares, a growth of 282.1% from the February 26th total of 14,052 shares. Based on an average daily volume of 150,223 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter worth about $35,000. Arkadios Wealth Advisors purchased a new position in Pacer Data and Digital Revolution ETF during the 3rd quarter valued at about $247,000. GPS Wealth Strategies Group LLC acquired a new position in Pacer Data and Digital Revolution ETF during the third quarter worth about $53,000. Western Wealth Management LLC raised its position in Pacer Data and Digital Revolution ETF by 473.9% during the third quarter. Western Wealth Management LLC now owns 42,972 shares of the company’s stock worth $2,876,000 after acquiring an additional 35,484 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Pacer Data and Digital Revolution ETF in the third quarter valued at about $278,000.

Pacer Data and Digital Revolution ETF Stock Performance

Shares of TRFK stock opened at $62.32 on Friday. The stock has a fifty day moving average price of $64.24 and a 200 day moving average price of $66.20. The stock has a market cap of $425.02 million, a PE ratio of 41.50 and a beta of 1.29. Pacer Data and Digital Revolution ETF has a 1 year low of $37.46 and a 1 year high of $74.22.

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.