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

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 62,318 shares, a decrease of 48.0% from the June 30th total of 119,904 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 81,110 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Pacer Data & Infrastructure Real Estate ETF

Several large investors have recently added to or reduced their stakes in SRVR. Invenio Wealth Partners LLC raised its stake in shares of 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. Foster & Motley Inc. raised its position in Pacer Data & Infrastructure Real Estate ETF by 0.6% in the 4th 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 last quarter. Finally, Ameriprise Financial Inc. bought a new position 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 Stock Performance

Shares of NYSEARCA:SRVR traded down $0.34 during midday trading on Wednesday, hitting $30.60. The company’s stock had a trading volume of 95,698 shares, compared to its average volume of 103,379. The stock’s 50 day simple moving average is $32.63 and its 200 day simple moving average is $32.59. The stock has a market capitalization of $368.73 million, a price-to-earnings ratio of 41.56 and a beta of 0.99. Pacer Data & Infrastructure Real Estate ETF has a fifty-two week low of $28.44 and a fifty-two week high of $35.81.

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.