VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 1,448 shares, the days-to-cover ratio is currently 3.3 days. Currently, 8.1% of the shares of the stock are short sold. Currently, 8.1% of the shares of the stock are short sold. Based on an average trading volume of 1,448 shares, the days-to-cover ratio is currently 3.3 days.
VanEck Office and Commercial REIT ETF Price Performance
DESK traded down $0.27 during midday trading on Friday, reaching $33.39. 1,786 shares of the company’s stock were exchanged, compared to its average volume of 945. VanEck Office and Commercial REIT ETF has a 1-year low of $33.16 and a 1-year high of $43.78. The stock has a market capitalization of $2.00 million, a PE ratio of 35.65 and a beta of 1.21. The business’s 50-day moving average price is $36.18 and its 200 day moving average price is $38.55.
Institutional Investors 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 raised its stake in shares of VanEck Office and Commercial REIT ETF (NYSEARCA:DESK – Free Report) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,342 shares of the company’s stock after buying an additional 1,150 shares during the quarter. Napa Wealth Management owned about 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 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.
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