VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Up 40.9% in February

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,834 shares, a growth of 40.9% from the February 12th total of 3,430 shares. Based on an average daily volume of 1,448 shares, the short-interest ratio is currently 3.3 days. Currently, 8.1% of the shares of the company are short sold. Currently, 8.1% of the shares of the company are short sold. Based on an average daily volume of 1,448 shares, the short-interest ratio is currently 3.3 days.

VanEck Office and Commercial REIT ETF Stock Performance

NYSEARCA DESK opened at $33.39 on Monday. The firm’s fifty day moving average is $36.18 and its two-hundred day moving average is $38.52. VanEck Office and Commercial REIT ETF has a one year low of $33.16 and a one year high of $43.78. The firm has a market cap of $2.00 million, a PE ratio of 35.65 and a beta of 1.21.

Hedge Funds Weigh In On VanEck Office and Commercial REIT ETF

A hedge fund recently raised its stake in VanEck Office and Commercial REIT ETF stock. Napa Wealth Management boosted its stake in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,342 shares of the company’s stock after acquiring an additional 1,150 shares during the quarter. Napa Wealth Management owned about 20.57% of VanEck Office and Commercial REIT ETF worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

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.