Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Short Interest Up 197.6% in April

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

Pacer Data & Infrastructure Real Estate ETF Price Performance

Shares of NYSEARCA:SRVR traded down $0.14 during midday trading on Thursday, reaching $34.58. 54,976 shares of the company’s stock were exchanged, compared to its average volume of 117,763. The stock has a market cap of $395.94 million, a price-to-earnings ratio of 41.56 and a beta of 1.01. Pacer Data & Infrastructure Real Estate ETF has a fifty-two week low of $28.44 and a fifty-two week high of $35.81. The firm’s 50 day simple moving average is $33.24 and its two-hundred day simple moving average is $31.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Copia Wealth Management boosted its stake in Pacer Data & Infrastructure Real Estate ETF by 3.3% during the third quarter. Copia Wealth Management now owns 12,161 shares of the company’s stock worth $385,000 after buying an additional 384 shares during the period. Invenio Wealth Partners LLC boosted its stake in Pacer Data & Infrastructure Real Estate ETF by 5.7% during the third quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock worth $1,642,000 after buying an additional 2,793 shares during the period. Foster & Motley Inc. boosted its stake in Pacer Data & Infrastructure Real Estate ETF by 0.6% during the fourth quarter. Foster & Motley Inc. now owns 372,918 shares of the company’s stock worth $10,680,000 after buying an additional 2,393 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Pacer Data & Infrastructure Real Estate ETF during the second quarter worth about $36,420,000.

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.