Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Sees Significant Decrease in Short Interest

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 38,606 shares, a decrease of 55.6% from the April 30th total of 87,038 shares. Based on an average daily volume of 87,545 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Pacer Data & Infrastructure Real Estate ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invenio Wealth Partners LLC raised its position in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% during the 3rd quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock valued at $1,642,000 after buying an additional 2,793 shares in the last quarter. Foster & Motley Inc. raised its position in Pacer Data & Infrastructure Real Estate ETF by 0.6% in the 4th quarter. Foster & Motley Inc. now owns 372,918 shares of the company’s stock worth $10,680,000 after purchasing an additional 2,393 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Pacer Data & Infrastructure Real Estate ETF in the 2nd quarter worth $36,420,000.

Pacer Data & Infrastructure Real Estate ETF Stock Performance

NYSEARCA SRVR traded down $0.37 on Monday, hitting $34.36. The stock had a trading volume of 54,857 shares, compared to its average volume of 114,360. Pacer Data & Infrastructure Real Estate ETF has a 52-week low of $28.44 and a 52-week high of $35.81. The company has a market capitalization of $393.42 million, a price-to-earnings ratio of 41.56 and a beta of 1.01. The firm has a 50-day moving average of $33.70 and a 200-day moving average of $31.68.

About Pacer Data & Infrastructure Real Estate ETF

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.