VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,263 shares, a drop of 86.0% from the July 30th total of 37,686 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 66,005 shares, the days-to-cover ratio is presently 0.1 days.
VanEck Office and Commercial REIT ETF Stock Performance
Shares of DESK traded down $0.28 during mid-day trading on Wednesday, hitting $42.04. 1,156 shares of the company traded hands, compared to its average volume of 10,031. The stock has a market cap of $14.29 million, a price-to-earnings ratio of 35.65 and a beta of 1.13. The stock has a 50-day moving average price of $41.74 and a two-hundred day moving average price of $37.93. VanEck Office and Commercial REIT ETF has a 1 year low of $32.00 and a 1 year high of $43.92.
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 VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.
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.
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