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

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 4,277 shares, an increase of 123.5% from the May 31st total of 1,914 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average trading volume of 1,842 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC acquired a new stake in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 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 quarter.

VanEck Office and Commercial REIT ETF Stock Up 0.3%

NYSEARCA DESK opened at $41.86 on Tuesday. The stock has a market capitalization of $3.35 million, a PE ratio of 35.65 and a beta of 1.22. The company has a 50 day moving average price of $38.24 and a two-hundred day moving average price of $36.55. VanEck Office and Commercial REIT ETF has a 12-month low of $32.00 and a 12-month high of $43.78.

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.