Short Interest in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Declines By 55.6%

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the recipient of a significant decrease in short interest in the month of 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. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 87,545 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SRVR. Foster & Motley Inc. boosted its stake in Pacer Data & Infrastructure Real Estate ETF by 1.1% in the 1st quarter. Foster & Motley Inc. now owns 376,935 shares of the company’s stock worth $11,768,000 after purchasing an additional 4,017 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock worth $36,449,000 after purchasing an additional 23,764 shares during the period. Finally, Invenio Wealth Partners LLC boosted 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 acquiring an additional 2,793 shares in the last quarter.

Pacer Data & Infrastructure Real Estate ETF Trading Up 0.9%

SRVR traded up $0.32 on Tuesday, hitting $34.68. 142,265 shares of the company’s stock were exchanged, compared to its average volume of 114,629. The firm has a market cap of $397.09 million, a PE ratio of 41.56 and a beta of 1.01. Pacer Data & Infrastructure Real Estate ETF has a twelve month low of $28.44 and a twelve month high of $35.81. The stock has a fifty day moving average of $33.70 and a two-hundred day moving average of $31.68.

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.