VanEck Digital Transformation ETF (NASDAQ:DAPP) Sees Large Decrease in Short Interest

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 84,523 shares, a drop of 84.6% from the August 15th total of 547,102 shares. Based on an average daily volume of 916,870 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are sold short.

VanEck Digital Transformation ETF Trading Up 2.1%

Shares of NASDAQ:DAPP traded up $0.41 during midday trading on Friday, hitting $19.92. The stock had a trading volume of 948,895 shares, compared to its average volume of 779,913. The stock has a 50 day moving average price of $18.63 and a two-hundred day moving average price of $18.77. VanEck Digital Transformation ETF has a 1 year low of $13.68 and a 1 year high of $27.49. The company has a market capitalization of $258.56 million, a PE ratio of 2.89 and a beta of 3.45.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Large investors have recently bought and sold shares of the stock. Gainplan LLC grew its holdings in shares of VanEck Digital Transformation ETF by 3.3% during the second quarter. Gainplan LLC now owns 38,951 shares of the company’s stock worth $755,000 after buying an additional 1,237 shares in the last quarter. Western Wealth Management LLC increased its position in VanEck Digital Transformation ETF by 6.6% during the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock worth $637,000 after purchasing an additional 2,630 shares during the last quarter. Cetera Investment Advisers raised its position in shares of VanEck Digital Transformation ETF by 86.7% in the 1st quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock worth $1,572,000 after buying an additional 48,927 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of VanEck Digital Transformation ETF in the 1st quarter worth about $29,000. Finally, Independent Financial Group LLC acquired a new position in VanEck Digital Transformation ETF during the first quarter valued at approximately $359,000.

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.