VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was the recipient of a large increase in short interest during the month of 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 trading volume, of 315,200 shares, the short-interest ratio is currently 0.9 days.
Hedge Funds Weigh In On VanEck Digital Transformation ETF
Large investors have recently bought and sold shares of the business. AlphaMark Advisors LLC acquired a new position in shares of VanEck Digital Transformation ETF in the first quarter valued at about $34,000. Simplex Trading LLC acquired a new stake in VanEck Digital Transformation ETF during the 4th quarter valued at approximately $75,000. Banque Cantonale Vaudoise purchased a new stake in shares of VanEck Digital Transformation ETF in the 1st quarter valued at $93,000. Western Wealth Management LLC purchased a new position in shares of VanEck Digital Transformation ETF during the third quarter worth $62,000. Finally, Dana Investment Advisors Inc. purchased a new stake in VanEck Digital Transformation ETF in the fourth quarter valued at $119,000.
VanEck Digital Transformation ETF Trading Down 4.2 %
Shares of DAPP opened at $9.68 on Tuesday. The firm has a fifty day moving average price of $10.18 and a 200-day moving average price of $8.61. VanEck Digital Transformation ETF has a 12-month low of $4.80 and a 12-month high of $12.45. The firm has a market capitalization of $103.09 million, a P/E ratio of 2.89 and a beta of 2.90.
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.
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