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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 855,422 shares, a decrease of 70.3% from the November 30th total of 2,884,198 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average daily trading volume, of 710,856 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 710,856 shares, the days-to-cover ratio is presently 1.2 days. Approximately 5.3% of the company’s stock are sold short.

VanEck Digital Transformation ETF Stock Down 3.6%

Shares of NASDAQ:DAPP traded down $0.65 during trading on Friday, reaching $17.19. 294,609 shares of the company traded hands, compared to its average volume of 554,349. The firm has a fifty day simple moving average of $19.95 and a 200 day simple moving average of $19.15. VanEck Digital Transformation ETF has a 1-year low of $7.80 and a 1-year high of $27.49. The firm has a market cap of $275.38 million, a P/E ratio of 2.89 and a beta of 3.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DAPP. Group One Trading LLC increased its holdings in shares of VanEck Digital Transformation ETF by 77.6% during the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock valued at $53,000 after acquiring an additional 1,408 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of VanEck Digital Transformation ETF during the second quarter valued at approximately $116,000. Steward Partners Investment Advisory LLC acquired a new position in shares of VanEck Digital Transformation ETF in the 2nd quarter valued at $128,000. Qube Research & Technologies Ltd raised its stake in shares of VanEck Digital Transformation ETF by 91.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 9,019 shares of the company’s stock valued at $149,000 after buying an additional 4,304 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of VanEck Digital Transformation ETF during the 2nd quarter valued at about $199,000.

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.