Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Short Interest Down 48.0% in July

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 62,318 shares, a decrease of 48.0% from the June 30th total of 119,904 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 81,110 shares, the short-interest ratio is presently 0.8 days.

Pacer Data & Infrastructure Real Estate ETF Price Performance

Shares of NYSEARCA:SRVR traded up $0.65 during midday trading on Thursday, hitting $31.20. The company had a trading volume of 96,365 shares, compared to its average volume of 103,765. Pacer Data & Infrastructure Real Estate ETF has a twelve month low of $28.44 and a twelve month high of $35.81. The stock has a market cap of $375.96 million, a price-to-earnings ratio of 41.56 and a beta of 0.99. The business’s 50-day simple moving average is $32.56 and its 200-day simple moving average is $32.59.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 2.1% in 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. Foster & Motley Inc. boosted its holdings in Pacer Data & Infrastructure Real Estate ETF by 1.1% in the 1st quarter. Foster & Motley Inc. now owns 376,935 shares of the company’s stock valued at $11,768,000 after purchasing an additional 4,017 shares during the last quarter. Finally, Invenio Wealth Partners LLC boosted its holdings in Pacer Data & Infrastructure Real Estate ETF by 5.7% in 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.