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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 516,540 shares, a growth of 103.5% from the April 15th total of 253,832 shares. Based on an average daily volume of 1,172,246 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.1% of the company’s shares are sold short.

VanEck Digital Transformation ETF Stock Performance

Shares of DAPP traded down $1.50 during mid-day trading on Friday, reaching $20.91. 494,684 shares of the company were exchanged, compared to its average volume of 780,920. VanEck Digital Transformation ETF has a 52 week low of $12.47 and a 52 week high of $27.49. The stock has a market capitalization of $512.30 million, a PE ratio of 2.89 and a beta of 3.41. The business has a 50 day simple moving average of $17.78 and a two-hundred day simple moving average of $18.26.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

A number of hedge funds have recently made changes to their positions in DAPP. Jane Street Group LLC raised its position in shares of VanEck Digital Transformation ETF by 179.1% during the first quarter. Jane Street Group LLC now owns 396,256 shares of the company’s stock worth $3,578,000 after acquiring an additional 254,265 shares during the last quarter. Cetera Investment Advisers raised its position in shares of VanEck Digital Transformation ETF by 65.7% during the second quarter. Cetera Investment Advisers now owns 21,864 shares of the company’s stock worth $362,000 after acquiring an additional 8,666 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of VanEck Digital Transformation ETF by 91.3% during the second quarter. Qube Research & Technologies Ltd now owns 9,019 shares of the company’s stock worth $149,000 after acquiring an additional 4,304 shares during the last quarter. Bank of America Corp DE raised its position in shares of VanEck Digital Transformation ETF by 111.4% during the second quarter. Bank of America Corp DE now owns 104,378 shares of the company’s stock worth $1,727,000 after acquiring an additional 55,001 shares during the last quarter. Finally, Group One Trading LLC raised its position in shares of VanEck Digital Transformation ETF by 77.6% during the second quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after acquiring an additional 1,408 shares during the last quarter.

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.