VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Update

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,770 shares, a decline of 42.7% from the February 26th total of 4,834 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average trading volume of 520 shares, the short-interest ratio is currently 5.3 days.

Hedge Funds Weigh In On VanEck Office and Commercial REIT ETF

An institutional investor recently bought a new position in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC purchased a new position in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 and Exchange Commission.

VanEck Office and Commercial REIT ETF Stock Down 2.2%

Shares of DESK stock traded down $0.73 during trading hours on Friday, hitting $32.00. 2,022 shares of the company were exchanged, compared to its average volume of 985. The firm has a market cap of $1.92 million, a PE ratio of 35.65 and a beta of 1.21. VanEck Office and Commercial REIT ETF has a 1 year low of $32.00 and a 1 year high of $43.78. The firm has a fifty day moving average of $35.29 and a 200 day moving average of $37.92.

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.