VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Stock Short Interest Report for September

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,070 shares, a decrease of 52.2% from the September 15th total of 6,420 shares. Based on an average daily trading volume, of 3,622 shares, the short-interest ratio is currently 0.8 days. Approximately 2.0% of the company’s stock are sold short.

VanEck Office and Commercial REIT ETF Stock Down 3.6%

DESK traded down $1.36 on Wednesday, reaching $36.39. The company had a trading volume of 734 shares, compared to its average volume of 8,646. VanEck Office and Commercial REIT ETF has a 1 year low of $32.00 and a 1 year high of $43.92. The stock has a market capitalization of $5.46 million, a PE ratio of 35.65 and a beta of 1.14. The stock has a 50-day moving average price of $39.51 and a 200-day moving average price of $38.87.

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.