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

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large growth in short interest in the month of 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. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 150,223 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 150,223 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

Pacer Data and Digital Revolution ETF Stock Performance

Shares of NYSEARCA:TRFK opened at $63.34 on Wednesday. The company has a market capitalization of $431.98 million, a P/E ratio of 41.50 and a beta of 1.29. The company’s 50-day moving average is $64.31 and its 200 day moving average is $66.24. Pacer Data and Digital Revolution ETF has a fifty-two week low of $37.46 and a fifty-two week high of $74.22.

Institutional Inflows and Outflows

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

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.