VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Update

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 153,962 shares, an increase of 82.2% from the August 31st total of 84,523 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,232,986 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DAPP. Cetera Investment Advisers boosted its stake in VanEck Digital Transformation ETF by 86.7% during the first quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock worth $1,572,000 after acquiring an additional 48,927 shares in the last quarter. Western Wealth Management LLC increased its stake in VanEck Digital Transformation ETF by 6.6% in the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock valued at $637,000 after purchasing an additional 2,630 shares in the last quarter. Gainplan LLC increased its stake in VanEck Digital Transformation ETF by 3.3% in the second quarter. Gainplan LLC now owns 38,951 shares of the company’s stock valued at $755,000 after purchasing an additional 1,237 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of VanEck Digital Transformation ETF during the first quarter valued at about $29,000. Finally, Independent Financial Group LLC acquired a new position in shares of VanEck Digital Transformation ETF during the first quarter valued at about $359,000.

VanEck Digital Transformation ETF Stock Down 0.6%

DAPP traded down $0.12 during trading on Tuesday, hitting $19.47. The company’s stock had a trading volume of 917,170 shares, compared to its average volume of 798,458. The firm has a market capitalization of $435.74 million, a P/E ratio of 2.89 and a beta of 3.45. VanEck Digital Transformation ETF has a twelve month low of $13.68 and a twelve month high of $27.49. The stock’s fifty day moving average price is $19.07 and its 200-day moving average price is $19.10.

VanEck Digital Transformation ETF Company Profile

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.