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

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 87,038 shares, a growth of 197.6% from the April 15th total of 29,250 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 120,638 shares, the short-interest ratio is currently 0.7 days.

Pacer Data & Infrastructure Real Estate ETF Trading Down 2.5%

Shares of SRVR stock traded down $0.88 during mid-day trading on Friday, reaching $33.70. The stock had a trading volume of 75,229 shares, compared to its average volume of 117,307. The business’s fifty day moving average is $33.26 and its 200-day moving average is $31.42. The firm has a market cap of $385.87 million, a price-to-earnings ratio of 41.56 and a beta of 1.01. Pacer Data & Infrastructure Real Estate ETF has a 1-year low of $28.44 and a 1-year high of $35.81.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Copia Wealth Management increased its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 3.3% in the third quarter. Copia Wealth Management now owns 12,161 shares of the company’s stock valued at $385,000 after purchasing an additional 384 shares during the period. Foster & Motley Inc. increased 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. Invenio Wealth Partners LLC increased 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. Finally, Ameriprise Financial Inc. increased its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 2.1% in the third quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock valued at $36,449,000 after purchasing an additional 23,764 shares during the period.

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.