Short Interest in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Grows By 86.4%

VanEck Office and Commercial REIT ETF (NYSEARCA:DESKGet Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,013 shares, a growth of 86.4% from the December 15th total of 1,080 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average trading volume of 948 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 948 shares, the short-interest ratio is currently 2.1 days. Approximately 4.0% of the company’s shares 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 acquired a new position in VanEck Office and Commercial REIT ETF (NYSEARCA:DESKFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned 10.58% of VanEck Office and Commercial REIT ETF at the end of the most recent reporting period.

VanEck Office and Commercial REIT ETF Price Performance

Shares of VanEck Office and Commercial REIT ETF stock traded up $0.32 during trading on Thursday, hitting $37.91. The company’s stock had a trading volume of 1,550 shares, compared to its average volume of 455. The stock has a market cap of $1.90 million, a price-to-earnings ratio of 35.65 and a beta of 1.21. VanEck Office and Commercial REIT ETF has a 52 week low of $33.16 and a 52 week high of $43.78. The stock has a 50-day moving average price of $37.86 and a two-hundred day moving average price of $39.65.

VanEck Office and Commercial REIT ETF Company Profile

(Get Free Report)

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.

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