Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Short Interest Down 37.6% in February

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 10,212 shares, a drop of 37.6% from the January 29th total of 16,367 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 149,212 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 149,212 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Pacer Data and Digital Revolution ETF

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in 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 valued at $1,316,000 after buying an additional 16,394 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Pacer Data and Digital Revolution ETF by 128.8% in the 4th quarter. Arkadios Wealth Advisors now owns 8,437 shares of the company’s stock worth $540,000 after acquiring an additional 4,749 shares in the last quarter. Betterment LLC bought a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter worth about $304,000. Janney Montgomery Scott LLC lifted its position in Pacer Data and Digital Revolution ETF by 88.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,026 shares of the company’s stock valued at $3,012,000 after acquiring an additional 22,042 shares during the period. Finally, Synergy Investment Management LLC bought a new stake in Pacer Data and Digital Revolution ETF during the fourth quarter worth about $236,000.

Pacer Data and Digital Revolution ETF Stock Performance

TRFK traded down $0.60 during trading on Friday, reaching $63.09. The stock had a trading volume of 80,391 shares, compared to its average volume of 140,641. The business has a 50-day moving average of $64.74 and a 200-day moving average of $65.97. Pacer Data and Digital Revolution ETF has a one year low of $37.46 and a one year high of $74.22. The stock has a market cap of $430.27 million, a PE ratio of 41.50 and a beta of 1.29.

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.