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

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,834 shares, a growth of 40.9% from the February 12th total of 3,430 shares. Approximately 8.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,448 shares, the short-interest ratio is presently 3.3 days. Based on an average daily trading volume, of 1,448 shares, the short-interest ratio is presently 3.3 days. Approximately 8.1% of the company’s shares are short sold.

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 grew its stake in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,342 shares of the company’s stock after purchasing an additional 1,150 shares during the quarter. Napa Wealth Management owned approximately 20.57% of VanEck Office and Commercial REIT ETF worth $491,000 as of its most recent SEC filing.

VanEck Office and Commercial REIT ETF Stock Performance

VanEck Office and Commercial REIT ETF stock traded down $0.27 during trading hours on Friday, hitting $33.39. The company had a trading volume of 1,786 shares, compared to its average volume of 945. The company has a 50-day moving average price of $36.18 and a two-hundred day moving average price of $38.55. The firm has a market cap of $2.00 million, a P/E 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.

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.