VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Shorted: Short Interest Down 42.7% in October

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 55,185 shares, a decrease of 42.7% from the September 30th total of 96,325 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,245,881 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

A number of large investors have recently added to or reduced their stakes in DAPP. Gainplan LLC raised its position in shares of VanEck Digital Transformation ETF by 3.3% in the second quarter. Gainplan LLC now owns 38,951 shares of the company’s stock valued at $755,000 after purchasing an additional 1,237 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of VanEck Digital Transformation ETF during the 1st quarter worth about $29,000. Manchester Capital Management LLC acquired a new stake in shares of VanEck Digital Transformation ETF during the 3rd quarter worth about $39,000. Western Wealth Management LLC boosted its holdings in shares of VanEck Digital Transformation ETF by 6.6% during the 1st quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock worth $637,000 after buying an additional 2,630 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of VanEck Digital Transformation ETF by 71.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,000 shares of the company’s stock worth $228,000 after buying an additional 5,000 shares during the period.

VanEck Digital Transformation ETF Stock Down 4.1%

DAPP opened at $13.59 on Tuesday. VanEck Digital Transformation ETF has a 12-month low of $13.52 and a 12-month high of $25.37. The stock has a market cap of $212.68 million, a price-to-earnings ratio of 2.89 and a beta of 3.45. The business has a 50 day moving average of $18.37 and a 200-day moving average of $18.44.

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.