VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the target of a significant 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 daily volume of 66,005 shares, the short-interest ratio is currently 0.1 days.
VanEck Office and Commercial REIT ETF Stock Performance
Shares of NYSEARCA DESK traded down $0.28 during midday trading on Wednesday, hitting $42.04. 1,156 shares of the company’s stock traded hands, compared to its average volume of 10,031. The firm has a fifty day moving average of $41.74 and a 200 day moving average 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. The stock has a market capitalization of $14.29 million, a price-to-earnings ratio of 35.65 and a beta of 1.13.
Institutional Investors Weigh In On VanEck Office and Commercial REIT ETF
An institutional investor recently bought a new position in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC acquired a new position in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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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