VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Up 6.6% – Still a Buy?

VanEck Digital Transformation ETF (NASDAQ:DAPP) shares shot up 6.6% during mid-day trading on Monday . The stock traded as high as $21.11 and last traded at $20.95. 707,422 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 822,920 shares. The stock had previously closed at $19.66.

VanEck Digital Transformation ETF Trading Down 4.9%

The company has a 50 day moving average of $19.65 and a 200-day moving average of $18.26. The firm has a market capitalization of $474.32 million, a P/E ratio of 2.89 and a beta of 3.42.

Institutional Trading of VanEck Digital Transformation ETF

Institutional investors have recently added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in VanEck Digital Transformation ETF in the 4th quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in VanEck Digital Transformation ETF in the 1st quarter valued at $29,000. Kestra Advisory Services LLC bought a new stake in VanEck Digital Transformation ETF in the 4th quarter valued at $31,000. Flagship Harbor Advisors LLC bought a new stake in VanEck Digital Transformation ETF in the 4th quarter valued at $41,000. Finally, Group One Trading LLC boosted its stake in VanEck Digital Transformation ETF by 77.6% in the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock valued at $53,000 after purchasing an additional 1,408 shares during the period.

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.