VanEck Digital Transformation ETF (NASDAQ:DAPP) Trading Down 5.3%

VanEck Digital Transformation ETF (NASDAQ:DAPP)’s share price fell 5.3% during trading on Wednesday . The company traded as low as $12.89 and last traded at $12.96. 251,106 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 284,774 shares. The stock had previously closed at $13.69.

VanEck Digital Transformation ETF Price Performance

The firm has a market cap of $127.84 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. The firm has a fifty day simple moving average of $12.04 and a two-hundred day simple moving average of $10.38.

Institutional Trading of VanEck Digital Transformation ETF

Institutional investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC purchased a new stake in VanEck Digital Transformation ETF during the 1st quarter valued at about $34,000. Simplex Trading LLC purchased a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter valued at $75,000. Banque Cantonale Vaudoise acquired a new position in VanEck Digital Transformation ETF during the first quarter valued at $93,000. Dana Investment Advisors Inc. acquired a new stake in VanEck Digital Transformation ETF during the 4th quarter worth about $119,000. Finally, Balboa Wealth Partners purchased a new position in shares of VanEck Digital Transformation ETF during the 4th quarter valued at about $120,000.

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.