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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 247,542 shares, a growth of 40.0% from the February 26th total of 176,878 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 604,699 shares, the days-to-cover ratio is currently 0.4 days.

VanEck Digital Transformation ETF Trading Down 5.5%

Shares of DAPP traded down $0.81 during trading hours on Monday, hitting $13.81. The company had a trading volume of 485,457 shares, compared to its average volume of 670,493. The company has a market capitalization of $256.87 million, a PE ratio of 2.89 and a beta of 3.50. VanEck Digital Transformation ETF has a one year low of $7.80 and a one year high of $27.49. The company’s fifty day moving average price is $16.83 and its two-hundred day moving average price is $19.28.

Institutional Trading of VanEck Digital Transformation ETF

Several hedge funds have recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in VanEck Digital Transformation ETF by 2,219.3% in 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 last quarter. Bank of America Corp DE lifted its holdings in shares of VanEck Digital Transformation ETF by 285.8% during the 3rd quarter. Bank of America Corp DE now owns 402,699 shares of the company’s stock valued at $8,759,000 after purchasing an additional 298,321 shares during the last quarter. JP Wealth Management Inc. purchased a new stake in shares of VanEck Digital Transformation ETF during the 3rd quarter valued at $5,863,000. Jane Street Group LLC boosted its position in shares of VanEck Digital Transformation ETF by 179.1% in the 1st quarter. Jane Street Group LLC now owns 396,256 shares of the company’s stock worth $3,578,000 after purchasing an additional 254,265 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of VanEck Digital Transformation ETF by 3,446.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 124,396 shares of the company’s stock worth $2,059,000 after purchasing an additional 120,888 shares in the last quarter.

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.