Short Interest in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Expands By 173.3%

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 3,430 shares, an increase of 173.3% from the January 29th total of 1,255 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,111 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 2,111 shares, the short-interest ratio is currently 1.6 days. Currently, 5.7% of the shares of the company are sold short.

VanEck Office and Commercial REIT ETF Stock Up 3.0%

Shares of DESK traded up $1.04 during trading hours on Thursday, reaching $36.18. 2,321 shares of the company traded hands, compared to its average volume of 1,036. The business has a fifty day moving average price of $36.75 and a 200-day moving average price of $38.96. VanEck Office and Commercial REIT ETF has a 12-month low of $33.16 and a 12-month high of $43.78. The stock has a market capitalization of $2.17 million, a P/E ratio of 35.65 and a beta of 1.21.

Institutional Investors Weigh In On VanEck Office and Commercial REIT ETF

An institutional investor recently raised its position in VanEck Office and Commercial REIT ETF stock. Napa Wealth Management increased its holdings in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,342 shares of the company’s stock after buying an additional 1,150 shares during the quarter. Napa Wealth Management owned about 20.57% of VanEck Office and Commercial REIT ETF worth $491,000 at the end of the most recent reporting period.

VanEck Office and Commercial REIT ETF Company Profile

The VanEck Office and Commercial REIT ETF (DESK) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a tiered modified market-cap weighted index composed of US-listed Office and Commercial REITs. The fund targets the top 25 highest ranked Office and Commerical REITs based on market cap and liquidity DESK was launched on Sep 19, 2023 and is issued by VanEck.