Short Interest in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Rises By 86.4%

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,013 shares, a growth of 86.4% from the December 15th total of 1,080 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average trading volume of 948 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 948 shares, the short-interest ratio is presently 2.1 days. Approximately 4.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC bought a new position in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 reporting period.

VanEck Office and Commercial REIT ETF Stock Performance

Shares of NYSEARCA DESK traded up $0.32 during mid-day trading on Thursday, reaching $37.91. 1,550 shares of the company traded hands, compared to its average volume of 455. The company’s fifty day moving average is $37.86 and its two-hundred day moving average is $39.65. VanEck Office and Commercial REIT ETF has a fifty-two week low of $33.16 and a fifty-two week high of $43.78. The stock has a market cap of $1.90 million, a PE ratio of 35.65 and a beta of 1.21.

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.