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

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 9,084 shares, an increase of 72.6% from the August 15th total of 5,263 shares. Based on an average daily volume of 4,317 shares, the short-interest ratio is presently 2.1 days. Currently, 2.7% of the shares of the stock are short sold.

VanEck Office and Commercial REIT ETF Stock Down 0.3%

VanEck Office and Commercial REIT ETF stock traded down $0.12 during trading hours on Wednesday, hitting $38.43. The stock had a trading volume of 344 shares, compared to its average volume of 9,375. The business’s 50 day simple moving average is $41.36 and its 200-day simple moving average is $38.36. VanEck Office and Commercial REIT ETF has a one year low of $32.00 and a one year high of $43.92. The stock has a market cap of $38.39 million, a price-to-earnings ratio of 35.65 and a beta of 1.12.

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.