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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 197,181 shares, a drop of 76.9% from the December 15th total of 855,422 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 836,970 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 836,970 shares, the short-interest ratio is currently 0.2 days. Approximately 1.1% of the shares of the company are short sold.

VanEck Digital Transformation ETF Trading Up 0.9%

NASDAQ:DAPP traded up $0.18 during trading hours on Tuesday, hitting $19.87. 221,918 shares of the company traded hands, compared to its average volume of 763,973. VanEck Digital Transformation ETF has a twelve month low of $7.80 and a twelve month high of $27.49. The firm has a 50-day moving average of $18.57 and a 200 day moving average of $19.43. The stock has a market capitalization of $366.51 million, a price-to-earnings ratio of 2.89 and a beta of 3.50.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAPP. Private Advisor Group LLC raised its holdings in VanEck Digital Transformation ETF by 2,219.3% in the 3rd quarter. Private Advisor Group LLC now owns 540,445 shares of the company’s stock valued at $11,755,000 after acquiring 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% in the third 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 in the last quarter. Kiker Wealth Management LLC raised its stake in shares of VanEck Digital Transformation ETF by 106.1% in the second quarter. Kiker Wealth Management LLC now owns 545,245 shares of the company’s stock valued at $9,024,000 after purchasing an additional 280,667 shares in the last quarter. JP Wealth Management Inc. bought a new position in VanEck Digital Transformation ETF in the third quarter worth $5,863,000. Finally, Jane Street Group LLC boosted its stake in VanEck Digital Transformation ETF by 179.1% during the first quarter. Jane Street Group LLC now owns 396,256 shares of the company’s stock worth $3,578,000 after buying an additional 254,265 shares in the last quarter.

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.