Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR – Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 32,644 shares, a decrease of 47.6% from the July 15th total of 62,318 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 63,754 shares, the days-to-cover ratio is currently 0.5 days.
Pacer Data & Infrastructure Real Estate ETF Trading Down 0.8%
Shares of NYSEARCA:SRVR traded down $0.26 during midday trading on Monday, hitting $32.31. The company had a trading volume of 84,481 shares, compared to its average volume of 101,009. Pacer Data & Infrastructure Real Estate ETF has a 12 month low of $28.44 and a 12 month high of $35.81. The stock has a market cap of $389.34 million, a price-to-earnings ratio of 41.56 and a beta of 1.00. The firm has a fifty day simple moving average of $31.87 and a 200 day simple moving average of $32.71.
Hedge Funds Weigh In On Pacer Data & Infrastructure Real Estate ETF
Several institutional investors have recently modified their holdings of the stock. Foster & Motley Inc. acquired a new stake in shares of Pacer Data & Infrastructure Real Estate ETF in the 2nd quarter valued at approximately $12,558,000. Ameriprise Financial Inc. grew its holdings 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 valued at $36,449,000 after purchasing an additional 23,764 shares during the period. Finally, Invenio Wealth Partners LLC grew its holdings 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 valued at $1,642,000 after purchasing an additional 2,793 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.
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