VanEck Digital Transformation ETF (NASDAQ:DAPP) Sees Large Drop in Short Interest

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 96,325 shares, a decline of 37.4% from the September 15th total of 153,962 shares. Based on an average daily volume of 1,162,082 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the company’s shares are short sold.

VanEck Digital Transformation ETF Price Performance

VanEck Digital Transformation ETF stock traded down $1.06 during trading hours on Friday, reaching $15.75. The stock had a trading volume of 1,485,722 shares, compared to its average volume of 823,957. The stock has a market cap of $332.32 million, a PE ratio of 2.89 and a beta of 3.45. VanEck Digital Transformation ETF has a 52 week low of $13.68 and a 52 week high of $26.30. The company has a fifty day simple moving average of $19.08 and a 200-day simple moving average of $19.27.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

A number of large investors have recently made changes to their positions in DAPP. Private Advisor Group LLC increased its stake in shares of VanEck Digital Transformation ETF by 4.5% during the first quarter. Private Advisor Group LLC now owns 565,964 shares of the company’s stock valued at $8,444,000 after buying an additional 24,466 shares during the period. Cetera Investment Advisers boosted its holdings in VanEck Digital Transformation ETF by 86.7% in the first quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock valued at $1,572,000 after acquiring an additional 48,927 shares in the last quarter. Gainplan LLC boosted its holdings in VanEck Digital Transformation ETF by 6.1% in the third quarter. Gainplan LLC now owns 41,342 shares of the company’s stock valued at $784,000 after acquiring an additional 2,391 shares in the last quarter. Western Wealth Management LLC increased its position in VanEck Digital Transformation ETF by 6.6% during the 1st 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 during the period. Finally, Independent Financial Group LLC purchased a new position in VanEck Digital Transformation ETF during the 1st quarter valued at $359,000.

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.