Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Decreases By 70.3%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 855,422 shares, a decline of 70.3% from the November 30th total of 2,884,198 shares. Based on an average trading volume of 710,856 shares, the short-interest ratio is presently 1.2 days. Approximately 5.3% of the shares of the company are short sold. Approximately 5.3% of the shares of the company are short sold. Based on an average trading volume of 710,856 shares, the short-interest ratio is presently 1.2 days.

VanEck Digital Transformation ETF Stock Up 0.7%

Shares of NASDAQ:DAPP opened at $17.89 on Thursday. The firm has a market capitalization of $286.52 million, a PE ratio of 2.89 and a beta of 3.50. VanEck Digital Transformation ETF has a twelve month low of $7.80 and a twelve month high of $27.49. The company has a 50-day moving average price of $20.23 and a two-hundred day moving average price of $19.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Kiker Wealth Management LLC raised its holdings in VanEck Digital Transformation ETF by 1.5% during the 3rd quarter. Kiker Wealth Management LLC now owns 553,457 shares of the company’s stock valued at $12,038,000 after acquiring an additional 8,212 shares during the period. Private Advisor Group LLC grew its position in shares of 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 valued at $11,755,000 after purchasing an additional 517,143 shares in the last quarter. Bank of America Corp DE raised its stake 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 period. Jane Street Group LLC lifted its holdings in VanEck Digital Transformation ETF by 179.1% during 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, JP Wealth Management Inc. bought a new position in VanEck Digital Transformation ETF in the 3rd quarter worth about $5,863,000.

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.