VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Up 72.6% in August

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 9,084 shares, an increase of 72.6% from the August 15th total of 5,263 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,317 shares, the short-interest ratio is currently 2.1 days.

VanEck Office and Commercial REIT ETF Trading Down 0.3%

DESK opened at $38.52 on Friday. The firm has a market capitalization of $38.49 million, a PE ratio of 35.65 and a beta of 1.12. VanEck Office and Commercial REIT ETF has a twelve month low of $32.00 and a twelve month high of $43.92. The firm’s 50-day moving average price is $41.26 and its 200 day moving average price is $38.40.

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.