Short Interest in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Grows By 123.5%

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 4,277 shares, an increase of 123.5% from the May 31st total of 1,914 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average daily volume of 1,842 shares, the short-interest ratio is currently 2.3 days.

VanEck Office and Commercial REIT ETF Stock Performance

Shares of NYSEARCA DESK traded up $0.40 during trading hours on Wednesday, hitting $42.01. The company’s stock had a trading volume of 3,795 shares, compared to its average volume of 1,257. VanEck Office and Commercial REIT ETF has a 12 month low of $32.00 and a 12 month high of $43.78. The stock has a market cap of $3.36 million, a price-to-earnings ratio of 35.65 and a beta of 1.22. The business has a 50-day simple moving average of $38.36 and a 200-day simple moving average of $36.57.

Institutional Investors 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 bought a new stake 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 (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.