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

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 500 shares, an increase of 400.0% from the May 15th total of 100 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of VanEck Office and Commercial REIT ETF

An institutional investor recently bought a new position in VanEck Office and Commercial REIT ETF stock. Napa Wealth Management purchased a new position in VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,408 shares of the company’s stock, valued at approximately $490,000. Napa Wealth Management owned about 38.03% of VanEck Office and Commercial REIT ETF at the end of the most recent reporting period.

VanEck Office and Commercial REIT ETF Stock Down 0.2%

DESK stock opened at $41.03 on Thursday. The stock has a 50-day simple moving average of $37.23 and a two-hundred day simple moving average of $40.24. The firm has a market capitalization of $2.46 million, a PE ratio of 36.54 and a beta of 1.67. VanEck Office and Commercial REIT ETF has a twelve month low of $33.16 and a twelve month high of $47.50.

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.