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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 153,962 shares, a growth of 82.2% from the August 31st total of 84,523 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 1,232,986 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of VanEck Digital Transformation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DAPP. Cetera Investment Advisers lifted 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 buying an additional 48,927 shares during the period. Private Advisor Group LLC grew its holdings in VanEck Digital Transformation ETF by 4.5% during the 1st quarter. Private Advisor Group LLC now owns 565,964 shares of the company’s stock worth $8,444,000 after acquiring an additional 24,466 shares during the period. Independent Financial Group LLC acquired a new stake in VanEck Digital Transformation ETF during the 1st quarter worth about $359,000. Western Wealth Management LLC raised its position in shares of VanEck Digital Transformation ETF by 6.6% in the 1st quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock worth $637,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of VanEck Digital Transformation ETF in the 1st quarter worth about $29,000.

VanEck Digital Transformation ETF Stock Performance

Shares of VanEck Digital Transformation ETF stock traded down $0.12 during midday trading on Tuesday, hitting $19.47. 917,170 shares of the company traded hands, compared to its average volume of 798,458. The stock has a market cap of $435.74 million, a price-to-earnings ratio of 2.89 and a beta of 3.45. The firm’s fifty day moving average price is $19.07 and its 200-day moving average price is $19.10. VanEck Digital Transformation ETF has a 12 month low of $13.68 and a 12 month high of $27.49.

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.