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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 289,100 shares, an increase of 29.4% from the March 31st total of 223,400 shares. Based on an average daily volume of 315,200 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of VanEck Digital Transformation ETF

Several large investors have recently added to or reduced their stakes in DAPP. TCP Asset Management LLC increased its holdings in VanEck Digital Transformation ETF by 6.4% in the 1st quarter. TCP Asset Management LLC now owns 18,788 shares of the company’s stock valued at $219,000 after acquiring an additional 1,125 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of VanEck Digital Transformation ETF in the 1st quarter valued at about $34,000. Lincoln National Corp increased its stake in VanEck Digital Transformation ETF by 28.0% during the third quarter. Lincoln National Corp now owns 16,000 shares of the company’s stock worth $88,000 after acquiring an additional 3,500 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in VanEck Digital Transformation ETF by 38.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 16,300 shares of the company’s stock valued at $190,000 after purchasing an additional 4,550 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter valued at approximately $75,000.

VanEck Digital Transformation ETF Trading Down 4.2 %

Shares of DAPP stock opened at $9.68 on Tuesday. The stock has a market capitalization of $103.09 million, a P/E ratio of 2.89 and a beta of 2.90. The firm’s 50 day moving average is $10.18 and its 200 day moving average is $8.61. VanEck Digital Transformation ETF has a 12-month low of $4.80 and a 12-month high of $12.45.

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.