Short Interest in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Rises By 104.0%

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 78,772 shares, a growth of 104.0% from the May 14th total of 38,606 shares. Based on an average daily volume of 90,578 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the company’s shares are sold short.

Pacer Data & Infrastructure Real Estate ETF Price Performance

Shares of SRVR traded up $0.14 during mid-day trading on Friday, reaching $33.66. The stock had a trading volume of 44,389 shares, compared to its average volume of 111,526. Pacer Data & Infrastructure Real Estate ETF has a 52-week low of $28.44 and a 52-week high of $35.81. The business’s fifty day moving average is $34.22 and its 200 day moving average is $31.97. The firm has a market cap of $385.41 million, a price-to-earnings ratio of 41.56 and a beta of 0.99.

Institutional Investors Weigh In On Pacer Data & Infrastructure Real Estate ETF

Hedge funds have recently modified their holdings of the company. Invenio Wealth Partners LLC grew its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% in the third quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock valued at $1,642,000 after purchasing an additional 2,793 shares during the period. Foster & Motley Inc. grew its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 0.6% in the fourth quarter. Foster & Motley Inc. now owns 372,918 shares of the company’s stock valued at $10,680,000 after purchasing an additional 2,393 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Pacer Data & Infrastructure Real Estate ETF in the second quarter valued at about $36,420,000.

Pacer Data & Infrastructure Real Estate ETF Company Profile

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.