VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Up 58.5% in February

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 282,300 shares, a growth of 58.5% from the February 13th total of 178,100 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average trading volume of 388,500 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

A number of hedge funds have recently made changes to their positions in DAPP. Torno Capital LLC bought a new stake in VanEck Digital Transformation ETF in the fourth quarter worth approximately $79,000. D. E. Shaw & Co. Inc. raised its stake in shares of VanEck Digital Transformation ETF by 87.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 89,667 shares of the company’s stock valued at $1,289,000 after buying an additional 41,913 shares during the period. Mariner LLC raised its stake in shares of VanEck Digital Transformation ETF by 130.7% during the 4th quarter. Mariner LLC now owns 24,771 shares of the company’s stock valued at $356,000 after purchasing an additional 14,034 shares during the period. Private Portfolio Partners LLC increased its stake in VanEck Digital Transformation ETF by 33.3% in the 4th quarter. Private Portfolio Partners LLC now owns 16,800 shares of the company’s stock worth $241,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in VanEck Digital Transformation ETF by 36.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 30,927 shares of the company’s stock worth $444,000 after acquiring an additional 8,306 shares during the last quarter.

VanEck Digital Transformation ETF Stock Performance

Shares of DAPP traded up $0.64 during mid-day trading on Friday, reaching $10.55. 104,814 shares of the company were exchanged, compared to its average volume of 300,653. VanEck Digital Transformation ETF has a 52 week low of $8.36 and a 52 week high of $20.71. The stock has a market capitalization of $146.65 million, a PE ratio of 2.89 and a beta of 2.90. The business has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $14.29.

VanEck Digital Transformation ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were given a dividend of $0.5808 per share. The ex-dividend date was Monday, December 23rd.

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.