VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 2,770 shares, a drop of 42.7% from the February 26th total of 4,834 shares. Based on an average daily volume of 520 shares, the days-to-cover ratio is currently 5.3 days. Approximately 4.6% of the shares of the stock are sold short.
Institutional Trading of VanEck Office and Commercial REIT ETF
A hedge fund recently raised its stake in VanEck Office and Commercial REIT ETF stock. Napa Wealth Management boosted its holdings in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) by 10.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,342 shares of the company’s stock after acquiring an additional 1,150 shares during the period. Napa Wealth Management owned 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 Performance
Shares of DESK stock traded down $0.73 during trading hours on Friday, reaching $32.00. The company had a trading volume of 2,022 shares, compared to its average volume of 985. The stock has a fifty day moving average of $35.41 and a 200-day moving average of $38.02. The company has a market capitalization of $1.92 million, a price-to-earnings ratio of 35.65 and a beta of 1.21. VanEck Office and Commercial REIT ETF has a 12-month low of $32.00 and a 12-month high of $43.78.
About VanEck Office and Commercial REIT ETF
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.
Further Reading
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