VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Up 106.4% in May

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 115,800 shares, a growth of 106.4% from the April 30th total of 56,100 shares. Based on an average trading volume of 444,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC boosted its holdings in VanEck Digital Transformation ETF by 5.5% in the first quarter. Western Wealth Management LLC now owns 27,524 shares of the company’s stock valued at $249,000 after acquiring an additional 1,446 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in VanEck Digital Transformation ETF by 11.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 22,850 shares of the company’s stock valued at $206,000 after acquiring an additional 2,367 shares during the last quarter. Gainplan LLC lifted its stake in shares of VanEck Digital Transformation ETF by 2.9% during the first quarter. Gainplan LLC now owns 92,077 shares of the company’s stock worth $831,000 after purchasing an additional 2,631 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of VanEck Digital Transformation ETF during the first quarter worth about $28,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of VanEck Digital Transformation ETF during the first quarter worth about $35,000.

VanEck Digital Transformation ETF Stock Performance

VanEck Digital Transformation ETF stock traded down $0.45 during midday trading on Friday, reaching $12.70. The stock had a trading volume of 775,395 shares, compared to its average volume of 338,266. VanEck Digital Transformation ETF has a twelve month low of $7.80 and a twelve month high of $20.71. The stock has a market capitalization of $180.98 million, a PE ratio of 2.89 and a beta of 2.90. The stock’s 50-day simple moving average is $10.81 and its 200 day simple moving average is $13.64.

About VanEck Digital Transformation ETF

The VanEck Digital Transformation ETF (DAPP) is an exchange-traded fund that is based on the MVIS Global Digital Assets Equity index, a market-cap-weighted index of global innovative companies that are involved in the digitalization of the worlds economy through a diverse range of digital assets. DAPP was launched on Apr 12, 2021 and is managed by VanEck.