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 the month of August. As of August 31st, there was short interest totaling 84,523 shares, a drop of 84.6% from the August 15th total of 547,102 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 916,870 shares, the days-to-cover ratio is currently 0.1 days.

VanEck Digital Transformation ETF Stock Up 3.3%

Shares of DAPP stock traded up $0.64 during mid-day trading on Friday, reaching $20.14. 282,017 shares of the company’s stock traded hands, compared to its average volume of 776,051. The company’s 50-day moving average price is $18.60 and its 200-day moving average price is $18.76. The company has a market cap of $261.48 million, a P/E ratio of 2.89 and a beta of 3.45. VanEck Digital Transformation ETF has a 12 month low of $13.68 and a 12 month high of $27.49.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Hedge funds have recently bought and sold shares of the business. Gainplan LLC grew its holdings in VanEck Digital Transformation ETF by 3.3% in the second quarter. Gainplan LLC now owns 38,951 shares of the company’s stock worth $755,000 after purchasing an additional 1,237 shares during the period. Western Wealth Management LLC increased its stake in shares of VanEck Digital Transformation ETF by 6.6% during 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. Cetera Investment Advisers lifted its holdings in shares of VanEck Digital Transformation ETF by 86.7% during the first quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock valued at $1,572,000 after purchasing an additional 48,927 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of VanEck Digital Transformation ETF during the first quarter valued at approximately $29,000. Finally, Independent Financial Group LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 1st quarter worth approximately $359,000.

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.