Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Short Interest Down 55.6% in May
by Teresa Graham · The Cerbat GemPacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 38,606 shares, a drop of 55.6% from the April 30th total of 87,038 shares. Based on an average daily trading volume, of 87,545 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.
Pacer Data & Infrastructure Real Estate ETF Price Performance
Shares of NYSEARCA:SRVR traded down $0.10 on Friday, hitting $34.73. The company’s stock had a trading volume of 110,749 shares, compared to its average volume of 114,944. The company has a market capitalization of $397.66 million, a PE ratio of 41.56 and a beta of 1.01. The company has a 50-day simple moving average of $33.66 and a 200 day simple moving average of $31.65. Pacer Data & Infrastructure Real Estate ETF has a 1 year low of $28.44 and a 1 year high of $35.81.
Hedge Funds Weigh In On Pacer Data & Infrastructure Real Estate ETF
Institutional investors have recently made changes to their positions in the stock. Foster & Motley Inc. lifted its holdings in shares of 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 worth $11,768,000 after acquiring an additional 4,017 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of 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 purchasing an additional 23,764 shares in the last quarter. Finally, Invenio Wealth Partners LLC increased its position in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% during the 3rd 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 last quarter.
Pacer Data & Infrastructure Real Estate ETF Company Profile
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.