Short Interest in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Decreases By 55.6%

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 38,606 shares, a decline of 55.6% from the April 30th total of 87,038 shares. Based on an average daily volume of 87,545 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

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

Several hedge funds have recently modified their holdings of SRVR. Invenio Wealth Partners LLC grew its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% in the third quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock valued at $1,642,000 after acquiring an additional 2,793 shares in the last quarter. Foster & Motley Inc. boosted its position in Pacer Data & Infrastructure Real Estate ETF by 0.6% in the fourth quarter. Foster & Motley Inc. now owns 372,918 shares of the company’s stock worth $10,680,000 after purchasing an additional 2,393 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Pacer Data & Infrastructure Real Estate ETF in the 2nd quarter valued at $36,420,000.

Pacer Data & Infrastructure Real Estate ETF Price Performance

Shares of NYSEARCA:SRVR traded down $0.10 during trading on Friday, reaching $34.73. 110,749 shares of the stock were exchanged, compared to its average volume of 114,944. Pacer Data & Infrastructure Real Estate ETF has a 1-year low of $28.44 and a 1-year high of $35.81. The firm has a market cap of $397.66 million, a price-to-earnings ratio of 41.56 and a beta of 1.01. The stock has a fifty day moving average of $33.66 and a two-hundred day moving average of $31.65.

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.