VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 56,213 shares, an increase of 1,248.4% from the June 30th total of 4,169 shares. Currently, 16.5% of the company’s stock are short sold. Based on an average daily volume of 36,113 shares, the days-to-cover ratio is presently 1.6 days.
VanEck Office and Commercial REIT ETF Stock Up 2.0%
VanEck Office and Commercial REIT ETF stock traded up $0.83 during mid-day trading on Friday, hitting $43.14. The company had a trading volume of 25,183 shares, compared to its average volume of 4,992. The stock has a market cap 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 1 year low of $32.00 and a 1 year high of $43.81. The business has a fifty day moving average of $40.42 and a 200 day moving average of $37.21.
Institutional Investors Weigh In On VanEck Office and Commercial REIT ETF
A hedge fund recently bought a new stake in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC acquired a new stake in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,288 shares of the company’s stock, valued at approximately $224,000. Citadel Advisors LLC owned approximately 10.58% of VanEck Office and Commercial REIT ETF at the end of the most recent reporting period.
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.
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