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

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 214,500 shares, a drop of 35.7% from the January 29th total of 333,534 shares. Based on an average daily trading volume, of 602,420 shares, the short-interest ratio is currently 0.4 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 602,420 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of VanEck Digital Transformation ETF

Several hedge funds and other institutional investors have recently modified their holdings of DAPP. Quadrature Capital Ltd acquired a new position in VanEck Digital Transformation ETF in the 4th quarter valued at about $1,247,000. IHT Wealth Management LLC bought a new stake in shares of VanEck Digital Transformation ETF during the fourth quarter worth approximately $1,398,000. Cetera Investment Advisers grew its position in shares of VanEck Digital Transformation ETF by 93.2% in the fourth quarter. Cetera Investment Advisers now owns 56,442 shares of the company’s stock valued at $933,000 after purchasing an additional 27,232 shares during the last quarter. Equitable Holdings Inc. increased its stake in shares of VanEck Digital Transformation ETF by 13.8% during the fourth quarter. Equitable Holdings Inc. now owns 14,855 shares of the company’s stock worth $246,000 after purchasing an additional 1,806 shares during the period. Finally, Abound Financial LLC acquired a new stake in shares of VanEck Digital Transformation ETF during the fourth quarter worth $26,000.

VanEck Digital Transformation ETF Stock Performance

DAPP traded up $0.46 during trading hours on Monday, reaching $16.39. The company’s stock had a trading volume of 199,737 shares, compared to its average volume of 610,254. The company’s 50-day moving average is $17.70 and its 200-day moving average is $19.44. VanEck Digital Transformation ETF has a 52 week low of $7.80 and a 52 week high of $27.49. The firm has a market cap of $304.76 million, a PE ratio of 2.89 and a beta of 3.50.

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.