VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the target of a significant increase in short interest in the month of 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. Approximately 5.7% of the shares of the company are short sold. Based on an average daily volume of 2,111 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 2,111 shares, the short-interest ratio is currently 1.6 days. Approximately 5.7% of the shares of the company are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in VanEck Office and Commercial REIT ETF stock. Napa Wealth Management increased its position in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,342 shares of the company’s stock after purchasing an additional 1,150 shares during the quarter. Napa Wealth Management owned approximately 20.57% of VanEck Office and Commercial REIT ETF worth $491,000 at the end of the most recent quarter.
VanEck Office and Commercial REIT ETF Trading Up 3.0%
DESK stock traded up $1.04 during midday trading on Thursday, hitting $36.18. The stock had a trading volume of 2,321 shares, compared to its average volume of 1,036. VanEck Office and Commercial REIT ETF has a 52 week low of $33.16 and a 52 week high of $43.78. The stock has a 50-day simple moving average of $36.75 and a 200 day simple moving average of $38.96. The firm has a market capitalization of $2.17 million, a price-to-earnings ratio of 35.65 and a beta of 1.21.
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.
Recommended Stories
- Five stocks we like better than VanEck Office and Commercial REIT ETF
- Gold Ran First – but This Cycle May Belong to Silver
- Read this or regret it forever
- Is Trump Done? Shocking leak…
- This makes me furious
- The free stock picks nobody’s talking about
Receive News & Ratings for VanEck Office and Commercial REIT ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Office and Commercial REIT ETF and related companies with MarketBeat.com's FREE daily email newsletter.
