Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Short Interest Up 104.0% in May

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 78,772 shares, a growth of 104.0% from the May 14th total of 38,606 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 90,578 shares, the short-interest ratio is presently 0.9 days.

Pacer Data & Infrastructure Real Estate ETF Stock Up 0.4%

NYSEARCA:SRVR traded up $0.14 on Friday, reaching $33.66. 44,389 shares of the company’s stock were exchanged, compared to its average volume of 111,526. The firm has a market capitalization of $385.41 million, a price-to-earnings ratio of 41.56 and a beta of 0.99. The business has a fifty day moving average of $34.22 and a 200-day moving average of $31.99. Pacer Data & Infrastructure Real Estate ETF has a 52-week low of $28.44 and a 52-week high of $35.81.

Institutional Trading of Pacer Data & Infrastructure Real Estate ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in Pacer Data & Infrastructure Real Estate ETF by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock worth $36,449,000 after purchasing an additional 23,764 shares during the period. Invenio Wealth Partners LLC increased its stake in shares of 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. Finally, Foster & Motley Inc. increased its stake in shares of Pacer Data & Infrastructure Real Estate ETF by 1.1% during the first quarter. Foster & Motley Inc. now owns 376,935 shares of the company’s stock worth $11,768,000 after buying an additional 4,017 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.