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 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 short-interest ratio is presently 0.1 days. Currently, 1.5% of the shares of the stock are short sold.

VanEck Office and Commercial REIT ETF Trading Down 0.9%

NYSEARCA DESK traded down $0.36 on Thursday, hitting $41.32. 1,131 shares of the company were exchanged, compared to its average volume of 9,979. VanEck Office and Commercial REIT ETF has a 12 month low of $32.00 and a 12 month high of $43.92. The stock has a fifty day moving average of $41.79 and a 200-day moving average of $37.96. The company has a market cap of $14.05 million, a PE ratio of 35.65 and a beta of 1.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC acquired a new stake in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned about 10.58% of VanEck Office and Commercial REIT ETF as of its most recent SEC filing.

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.