Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 225,498 shares, a growth of 1,220.4% from the July 30th total of 17,078 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 138,696 shares, the days-to-cover ratio is currently 1.6 days.
Pacer Data and Digital Revolution ETF Stock Up 1.5%
TRFK traded up $1.33 during midday trading on Tuesday, hitting $92.26. The company had a trading volume of 122,031 shares, compared to its average volume of 153,886. The stock’s 50 day moving average price is $96.72 and its 200 day moving average price is $83.78. Pacer Data and Digital Revolution ETF has a 52 week low of $58.82 and a 52 week high of $115.58. The company has a market capitalization of $979.80 million, a price-to-earnings ratio of 41.50 and a beta of 1.55.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Synergy Investment Management LLC acquired a new stake in Pacer Data and Digital Revolution ETF in the fourth quarter valued at approximately $236,000. NewEdge Advisors LLC acquired a new position in shares of Pacer Data and Digital Revolution ETF during the third quarter worth approximately $278,000. Betterment LLC bought a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter worth $304,000. Kingswood Wealth Advisors LLC bought a new position in shares of Pacer Data and Digital Revolution ETF in the 4th quarter worth $336,000. Finally, Arkadios Wealth Advisors grew its position in 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 valued at $540,000 after purchasing an additional 4,749 shares during the period.
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.
Further Reading
- Five stocks we like better than Pacer Data and Digital Revolution ETF
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Pacer Data and Digital Revolution ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacer Data and Digital Revolution ETF and related companies with MarketBeat.com's FREE daily email newsletter.
