VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Down 35.7% in February

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 214,500 shares, a decrease of 35.7% from the January 29th total of 333,534 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 602,420 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 602,420 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the company’s stock are sold short.

VanEck Digital Transformation ETF Trading Down 3.5%

NASDAQ DAPP opened at $15.93 on Friday. The firm has a market capitalization of $296.30 million, a P/E ratio of 2.89 and a beta of 3.50. The firm’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $19.43. VanEck Digital Transformation ETF has a 1 year low of $7.80 and a 1 year high of $27.49.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Several hedge funds have recently bought and sold shares of the company. JP Wealth Management Inc. acquired a new position in VanEck Digital Transformation ETF during the third quarter worth approximately $5,863,000. Client First Investment Management LLC acquired a new stake in shares of VanEck Digital Transformation ETF in the third quarter valued at approximately $1,419,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of VanEck Digital Transformation ETF during the 2nd quarter worth approximately $199,000. Private Advisor Group LLC boosted its stake in shares of VanEck Digital Transformation ETF by 2,219.3% during the 3rd quarter. Private Advisor Group LLC now owns 540,445 shares of the company’s stock worth $11,755,000 after acquiring an additional 517,143 shares during the period. Finally, Western Wealth Management LLC increased its holdings in shares of VanEck Digital Transformation ETF by 5.2% during the 3rd quarter. Western Wealth Management LLC now owns 31,775 shares of the company’s stock worth $691,000 after acquiring an additional 1,575 shares during 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.