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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 176,878 shares, a drop of 17.5% from the February 12th total of 214,500 shares. Based on an average daily trading volume, of 446,850 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 446,850 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Several large investors have recently bought and sold shares of DAPP. JP Wealth Management Inc. bought a new stake in shares of VanEck Digital Transformation ETF during the third quarter worth about $5,863,000. Client First Investment Management LLC bought a new position in shares of VanEck Digital Transformation ETF during the third quarter valued at $1,419,000. Private Advisor Group LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 2,219.3% during the third quarter. Private Advisor Group LLC now owns 540,445 shares of the company’s stock worth $11,755,000 after purchasing an additional 517,143 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of VanEck Digital Transformation ETF by 37.2% in the second quarter. Orion Porfolio Solutions LLC now owns 56,230 shares of the company’s stock worth $931,000 after purchasing an additional 15,255 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of VanEck Digital Transformation ETF in the second quarter worth $128,000.

VanEck Digital Transformation ETF Stock Up 5.1%

Shares of NASDAQ:DAPP traded up $0.83 during trading on Monday, hitting $17.23. 3,137,004 shares of the company were exchanged, compared to its average volume of 634,685. The business’s 50 day moving average is $17.50 and its 200-day moving average is $19.38. The company has a market capitalization of $320.48 million, a P/E ratio of 2.89 and a beta of 3.50. VanEck Digital Transformation ETF has a 1-year low of $7.80 and a 1-year high of $27.49.

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.