VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 56,213 shares, a growth of 1,248.4% from the June 30th total of 4,169 shares. Based on an average daily trading volume, of 36,113 shares, the short-interest ratio is currently 1.6 days. Currently, 16.5% of the shares of the company are sold short.
Hedge Funds Weigh In On VanEck Office and Commercial REIT ETF
A hedge fund recently bought a new position in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC purchased a new position in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned 10.58% of VanEck Office and Commercial REIT ETF at the end of the most recent quarter.
VanEck Office and Commercial REIT ETF Price Performance
Shares of NYSEARCA:DESK traded up $0.83 during trading on Friday, reaching $43.14. 25,183 shares of the company’s stock traded hands, compared to its average volume of 4,992. VanEck Office and Commercial REIT ETF has a 12 month low of $32.00 and a 12 month high of $43.81. The company has a 50 day moving average of $40.42 and a 200-day moving average of $37.21. The stock has a market capitalization of $14.67 million, a P/E ratio of 35.65 and a beta of 1.14.
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.
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