VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Up 173.3% in February

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 3,430 shares, an increase of 173.3% from the January 29th total of 1,255 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average trading volume of 2,111 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 2,111 shares, the days-to-cover ratio is currently 1.6 days. Currently, 5.7% of the company’s stock are short sold.

VanEck Office and Commercial REIT ETF Stock Performance

Shares of DESK traded down $1.07 on Friday, reaching $35.07. The stock had a trading volume of 2,260 shares, compared to its average volume of 1,063. The firm has a market capitalization of $2.10 million, a price-to-earnings ratio of 35.65 and a beta of 1.21. The company has a 50-day simple moving average of $36.69 and a 200-day simple moving average of $38.92. VanEck Office and Commercial REIT ETF has a 12-month low of $33.16 and a 12-month high of $43.78.

Institutional Investors 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 acquired a new position in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 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.