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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 14,300 shares, a decrease of 75.3% from the July 15th total of 57,900 shares. Based on an average trading volume of 222,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC lifted its position in shares of VanEck Digital Transformation ETF by 66.7% during the 4th quarter. Western Wealth Management LLC now owns 18,851 shares of the company’s stock valued at $194,000 after buying an additional 7,540 shares during the last quarter. Simplex Trading LLC bought a new stake in VanEck Digital Transformation ETF in the 4th quarter valued at about $75,000. Wealthcare Advisory Partners LLC purchased a new stake in VanEck Digital Transformation ETF during the fourth quarter valued at about $121,000. Dana Investment Advisors Inc. bought a new position in VanEck Digital Transformation ETF during the fourth quarter worth about $119,000. Finally, Gainplan LLC increased its stake in shares of VanEck Digital Transformation ETF by 12.4% in the fourth quarter. Gainplan LLC now owns 87,071 shares of the company’s stock worth $895,000 after purchasing an additional 9,632 shares in the last quarter.

VanEck Digital Transformation ETF Trading Down 3.6 %

Shares of DAPP stock traded down $0.38 during trading hours on Monday, hitting $10.19. 122,019 shares of the company were exchanged, compared to its average volume of 277,836. The stock has a market capitalization of $101.19 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 $12.15 and a 200 day simple moving average of $10.61. VanEck Digital Transformation ETF has a 52-week low of $4.97 and a 52-week high of $15.14.

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.