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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 290,100 shares, a drop of 16.3% from the March 15th total of 346,400 shares. Based on an average daily trading volume, of 348,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.0% of the shares of the stock are sold short.

VanEck Digital Transformation ETF Trading Up 9.8 %

Shares of NASDAQ DAPP opened at $9.79 on Wednesday. The company has a market cap of $141.27 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. The stock has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $13.97. VanEck Digital Transformation ETF has a 12 month low of $7.80 and a 12 month high of $20.71.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DAPP. TCP Asset Management LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 3.7% during the fourth quarter. TCP Asset Management LLC now owns 19,226 shares of the company’s stock worth $276,000 after purchasing an additional 683 shares during the period. Wealthcare Advisory Partners LLC grew its stake in VanEck Digital Transformation ETF by 11.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 22,850 shares of the company’s stock worth $206,000 after purchasing an additional 2,367 shares during the period. Gainplan LLC boosted its holdings in shares of VanEck Digital Transformation ETF by 2.9% during the 1st quarter. Gainplan LLC now owns 92,077 shares of the company’s stock worth $831,000 after buying an additional 2,631 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in VanEck Digital Transformation ETF during the first quarter worth $28,000. Finally, Golden State Wealth Management LLC bought a new stake in VanEck Digital Transformation ETF in the fourth quarter valued at $60,000.

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.