VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Sees Significant Growth in Short Interest

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,834 shares, an increase of 40.9% from the February 12th total of 3,430 shares. Approximately 8.1% of the shares of the company are sold short. Based on an average daily volume of 1,448 shares, the short-interest ratio is presently 3.3 days. Based on an average daily volume of 1,448 shares, the short-interest ratio is presently 3.3 days. Approximately 8.1% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Office and Commercial REIT ETF

A hedge fund recently bought a new stake in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC bought a new stake in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned approximately 10.58% of VanEck Office and Commercial REIT ETF at the end of the most recent quarter.

VanEck Office and Commercial REIT ETF Stock Performance

VanEck Office and Commercial REIT ETF stock traded down $0.27 during trading hours on Friday, reaching $33.39. 1,786 shares of the stock were exchanged, compared to its average volume of 945. VanEck Office and Commercial REIT ETF has a 52-week low of $33.16 and a 52-week high of $43.78. The firm’s 50 day moving average is $36.18 and its 200 day moving average is $38.54. The stock has a market cap of $2.00 million, a P/E ratio of 35.65 and a beta of 1.21.

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.