Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Drops By 41.4%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 128,300 shares, a decrease of 41.4% from the February 29th total of 218,900 shares. Based on an average daily volume of 381,700 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Digital Transformation ETF Stock Performance

Shares of NASDAQ DAPP traded up $0.10 during midday trading on Thursday, hitting $11.65. 443,159 shares of the company’s stock traded hands, compared to its average volume of 353,801. VanEck Digital Transformation ETF has a 1 year low of $4.20 and a 1 year high of $12.45. The stock has a market capitalization of $106.60 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. The firm has a fifty day moving average of $9.42 and a 200 day moving average of $7.87.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC purchased a new stake in VanEck Digital Transformation ETF in the 2nd quarter worth approximately $1,145,000. Stratos Wealth Partners LTD. purchased a new stake in VanEck Digital Transformation ETF during the 4th quarter valued at approximately $1,591,000. Jane Street Group LLC grew its holdings in VanEck Digital Transformation ETF by 138.2% during the 4th quarter. Jane Street Group LLC now owns 247,908 shares of the company’s stock valued at $662,000 after buying an additional 143,819 shares in the last quarter. SFG Wealth Management LLC. purchased a new stake in VanEck Digital Transformation ETF during the 4th quarter valued at approximately $937,000. Finally, IFP Advisors Inc grew its holdings in VanEck Digital Transformation ETF by 92,159.4% during the 3rd quarter. IFP Advisors Inc now owns 59,046 shares of the company’s stock valued at $324,000 after buying an additional 58,982 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.