VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the recipient 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. Approximately 16.5% of the company’s shares are short sold. Based on an average daily volume of 36,113 shares, the short-interest ratio is currently 1.6 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake 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) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned about 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 Up 2.0%
NYSEARCA:DESK traded up $0.83 during trading hours on Friday, reaching $43.14. 25,183 shares of the stock were exchanged, compared to its average volume of 4,992. The company has a market capitalization of $14.67 million, a price-to-earnings ratio of 35.65 and a beta of 1.14. VanEck Office and Commercial REIT ETF has a twelve month low of $32.00 and a twelve month high of $43.81. The business has a 50-day moving average of $40.42 and a two-hundred day moving average of $37.21.
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.
See Also
- Five stocks we like better than VanEck Office and Commercial REIT ETF
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for VanEck Office and Commercial REIT ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Office and Commercial REIT ETF and related companies with MarketBeat.com's FREE daily email newsletter.
