VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Down 35.6% in January

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,297 shares, a decrease of 35.6% from the December 31st total of 2,013 shares. Based on an average trading volume of 479 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.2% of the company’s stock are short sold. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 479 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On VanEck Office and Commercial REIT ETF

A hedge fund recently raised its stake in VanEck Office and Commercial REIT ETF stock. Napa Wealth Management lifted its stake in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,342 shares of the company’s stock after acquiring an additional 1,150 shares during the period. Napa Wealth Management owned approximately 20.57% of VanEck Office and Commercial REIT ETF worth $491,000 at the end of the most recent reporting period.

VanEck Office and Commercial REIT ETF Stock Up 0.5%

DESK stock traded up $0.17 during midday trading on Friday, hitting $36.69. The company’s stock had a trading volume of 213 shares, compared to its average volume of 411. The stock has a market cap of $2.20 million, a price-to-earnings ratio of 35.65 and a beta of 1.21. VanEck Office and Commercial REIT ETF has a 1 year low of $33.16 and a 1 year high of $43.78. The stock’s 50-day moving average price is $37.56 and its 200 day moving average price is $39.40.

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.