Short Interest in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Increases By 72.6%

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 9,084 shares, an increase of 72.6% from the August 15th total of 5,263 shares. Based on an average daily volume of 4,317 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.7% of the shares of the company are sold short.

VanEck Office and Commercial REIT ETF Trading Up 0.5%

DESK stock traded up $0.21 during trading on Thursday, hitting $38.64. The company had a trading volume of 278 shares, compared to its average volume of 9,323. The firm has a market capitalization of $38.60 million, a price-to-earnings ratio of 35.65 and a beta of 1.12. The business has a 50 day moving average of $41.31 and a 200 day moving average of $38.37. VanEck Office and Commercial REIT ETF has a fifty-two week low of $32.00 and a fifty-two week high of $43.92.

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About VanEck Office and Commercial REIT ETF

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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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