Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Down 46.3% in June

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 22,968 shares, a drop of 46.3% from the May 31st total of 42,773 shares. Based on an average trading volume of 263,677 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

Pacer Data and Digital Revolution ETF Stock Performance

TRFK opened at $103.67 on Tuesday. The company has a fifty day moving average price of $94.29 and a two-hundred day moving average price of $75.15. The firm has a market capitalization of $785.82 million, a PE ratio of 41.50 and a beta of 1.53. Pacer Data and Digital Revolution ETF has a 52 week low of $57.67 and a 52 week high of $115.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRFK. Nova Wealth Management Inc. raised its position in shares of Pacer Data and Digital Revolution ETF by 134.9% during the fourth quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock worth $79,000 after purchasing an additional 711 shares during the period. IFP Advisors Inc acquired a new position in shares of Pacer Data and Digital Revolution ETF in the 3rd quarter valued at approximately $61,000. Synergy Investment Management LLC acquired a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter valued at approximately $236,000. NewEdge Advisors LLC bought a new stake in Pacer Data and Digital Revolution ETF during the 3rd quarter worth approximately $278,000. Finally, Betterment LLC bought a new stake in Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $304,000.

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.