VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Shorted: Short Interest Down 42.7% in October

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 55,185 shares, a drop of 42.7% from the September 30th total of 96,325 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 1,245,881 shares, the days-to-cover ratio is presently 0.0 days.

VanEck Digital Transformation ETF Stock Performance

Shares of NASDAQ DAPP traded down $1.20 during mid-day trading on Friday, reaching $14.17. 757,155 shares of the company’s stock were exchanged, compared to its average volume of 828,436. The company’s 50-day moving average is $18.49 and its 200-day moving average is $18.47. The firm has a market capitalization of $221.76 million, a price-to-earnings ratio of 2.89 and a beta of 3.45. VanEck Digital Transformation ETF has a 52-week low of $13.68 and a 52-week high of $25.37.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gainplan LLC boosted its position in shares of VanEck Digital Transformation ETF by 3.3% during the 2nd quarter. Gainplan LLC now owns 38,951 shares of the company’s stock worth $755,000 after purchasing an additional 1,237 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in VanEck Digital Transformation ETF in the first quarter valued at approximately $29,000. Manchester Capital Management LLC purchased a new stake in VanEck Digital Transformation ETF in the third quarter valued at approximately $39,000. Western Wealth Management LLC lifted its stake in VanEck Digital Transformation ETF by 6.6% during the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock worth $637,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in VanEck Digital Transformation ETF by 71.4% during the third quarter. Farther Finance Advisors LLC now owns 12,000 shares of the company’s stock worth $228,000 after purchasing an additional 5,000 shares in the last quarter.

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.