VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Down 86.0% in August

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,263 shares, a decrease of 86.0% from the July 30th total of 37,686 shares. Based on an average daily volume of 66,005 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Office and Commercial REIT ETF

A hedge fund recently bought a new position 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 Form 13F filing 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 as of its most recent filing with the Securities & Exchange Commission.

VanEck Office and Commercial REIT ETF Price Performance

Shares of DESK stock traded down $0.31 during mid-day trading on Friday, hitting $41.01. The company had a trading volume of 1,095 shares, compared to its average volume of 9,925. The stock’s 50 day moving average price is $41.81 and its 200-day moving average price is $37.99. VanEck Office and Commercial REIT ETF has a 52-week low of $32.00 and a 52-week high of $43.92. The company has a market capitalization of $13.94 million, a P/E ratio of 35.65 and a beta of 1.13.

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.