Short Interest in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Declines By 47.6%

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 32,644 shares, a decline of 47.6% from the July 15th total of 62,318 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 63,754 shares, the short-interest ratio is currently 0.5 days.

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

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. acquired a new position in shares of Pacer Data & Infrastructure Real Estate ETF in the 2nd quarter worth approximately $36,420,000. 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 valued at $11,768,000 after buying an additional 4,017 shares in the last quarter. Finally, Invenio Wealth Partners LLC boosted its stake in Pacer Data & Infrastructure Real Estate ETF by 5.7% in 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.

Pacer Data & Infrastructure Real Estate ETF Trading Down 2.0%

SRVR stock traded down $0.64 during midday trading on Tuesday, hitting $31.67. The stock had a trading volume of 47,614 shares, compared to its average volume of 100,669. Pacer Data & Infrastructure Real Estate ETF has a 52 week low of $28.44 and a 52 week high of $35.81. The stock has a 50-day simple moving average of $31.87 and a 200 day simple moving average of $32.71. The firm has a market capitalization of $381.62 million, a price-to-earnings ratio of 41.56 and a beta of 1.00.

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.