VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Update

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,297 shares, a drop of 35.6% from the December 31st total of 2,013 shares. Based on an average daily volume of 479 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.2% of the shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 479 shares, the days-to-cover ratio is presently 2.7 days.

VanEck Office and Commercial REIT ETF Stock Performance

VanEck Office and Commercial REIT ETF stock traded up $0.17 during midday trading on Friday, reaching $36.69. 213 shares of the stock were exchanged, compared to its average volume of 411. The company’s fifty day moving average is $37.56 and its 200-day moving average is $39.40. The firm has a market cap of $2.20 million, a PE ratio of 35.65 and a beta of 1.21. VanEck Office and Commercial REIT ETF has a 52 week low of $33.16 and a 52 week high of $43.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC purchased a new stake in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned approximately 10.58% of VanEck Office and Commercial REIT ETF as of its most recent SEC filing.

VanEck Office and Commercial REIT ETF Company Profile

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.