VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Sees Significant Growth in Short Interest

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 56,213 shares, a growth of 1,248.4% from the June 30th total of 4,169 shares. Based on an average daily trading volume, of 36,113 shares, the short-interest ratio is presently 1.6 days. Currently, 16.5% of the shares of the company are sold short.

VanEck Office and Commercial REIT ETF Price Performance

Shares of NYSEARCA:DESK traded up $0.83 during trading on Friday, hitting $43.14. 25,183 shares of the company were exchanged, compared to its average volume of 4,992. The company has a market cap of $14.67 million, a PE ratio of 35.65 and a beta of 1.14. The stock has a 50 day moving average of $40.42 and a 200 day moving average of $37.21. VanEck Office and Commercial REIT ETF has a 52-week low of $32.00 and a 52-week high of $43.81.

Institutional Trading of VanEck Office and Commercial REIT ETF

A hedge fund recently bought a new position in VanEck Office and Commercial REIT ETF stock. Citadel Advisors LLC acquired a new position in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) during the third quarter, according to the company in its most recent Form 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 as of its most recent filing with the Securities and Exchange Commission.

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.