VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) Short Interest Update

VanEck Office and Commercial REIT ETF (NYSEARCA:DESK) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,084 shares, an increase of 72.6% from the August 15th total of 5,263 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average daily volume of 4,317 shares, the short-interest ratio is presently 2.1 days.

VanEck Office and Commercial REIT ETF Stock Down 0.3%

DESK traded down $0.12 during midday trading on Wednesday, hitting $38.43. 344 shares of the company were exchanged, compared to its average volume of 9,375. The firm’s 50 day moving average price is $41.36 and its 200-day moving average price is $38.36. VanEck Office and Commercial REIT ETF has a 1-year low of $32.00 and a 1-year high of $43.92. The firm has a market capitalization of $38.39 million, a P/E ratio of 35.65 and a beta of 1.12.

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.