VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Sees Large Drop in Short Interest

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 3,070 shares, a decrease of 52.2% from the September 15th total of 6,420 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 3,622 shares, the days-to-cover ratio is currently 0.8 days.

VanEck Office and Commercial REIT ETF Trading Down 3.6%

NYSEARCA:DESK traded down $1.36 during midday trading on Wednesday, reaching $36.39. The company had a trading volume of 734 shares, compared to its average volume of 8,646. VanEck Office and Commercial REIT ETF has a 12-month low of $32.00 and a 12-month high of $43.92. The firm has a market capitalization of $5.46 million, a price-to-earnings ratio of 35.65 and a beta of 1.14. The stock’s fifty day simple moving average is $39.51 and its 200-day simple moving average is $38.87.

About VanEck Office and Commercial REIT ETF

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.