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

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

Pacer Data & Infrastructure Real Estate ETF Stock Performance

Shares of SRVR traded up $0.14 during trading hours on Friday, hitting $33.66. The stock had a trading volume of 44,389 shares, compared to its average volume of 111,526. The firm has a 50-day moving average price of $34.22 and a 200 day moving average price of $31.97. Pacer Data & Infrastructure Real Estate ETF has a fifty-two week low of $28.44 and a fifty-two week high of $35.81. The firm has a market capitalization of $385.41 million, a price-to-earnings ratio of 41.56 and a beta of 0.99.

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

A number of large investors have recently added to or reduced their stakes in the stock. Foster & Motley Inc. raised its position in Pacer Data & Infrastructure Real Estate ETF by 0.6% during the fourth quarter. Foster & Motley Inc. now owns 372,918 shares of the company’s stock worth $10,680,000 after acquiring an additional 2,393 shares during the period. Invenio Wealth Partners LLC raised its position 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 worth $1,642,000 after acquiring an additional 2,793 shares during the period. Finally, Ameriprise Financial Inc. raised its position 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 acquiring an additional 23,764 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.