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

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 119,904 shares, a growth of 79.9% from the June 15th total of 66,637 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 85,030 shares, the short-interest ratio is currently 1.4 days.

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

A number of large investors have recently bought and sold shares of the stock. Foster & Motley Inc. boosted its position in Pacer Data & Infrastructure Real Estate ETF by 1.1% during 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 during the period. Ameriprise Financial Inc. lifted its holdings in Pacer Data & Infrastructure Real Estate ETF by 2.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock worth $36,449,000 after buying an additional 23,764 shares during the period. Finally, Invenio Wealth Partners LLC grew its position 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 worth $1,642,000 after buying an additional 2,793 shares during the last quarter.

Pacer Data & Infrastructure Real Estate ETF Stock Up 0.1%

NYSEARCA SRVR opened at $30.35 on Friday. The company has a 50-day simple moving average of $33.13 and a two-hundred day simple moving average of $32.47. Pacer Data & Infrastructure Real Estate ETF has a 12-month low of $28.44 and a 12-month high of $35.81. The firm has a market cap of $365.72 million, a price-to-earnings ratio of 41.56 and a beta of 0.99.

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.