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

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 310,295 shares, a growth of 57.4% from the December 31st total of 197,181 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 730,326 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 730,326 shares, the short-interest ratio is presently 0.4 days. Approximately 1.7% of the shares of the stock are short sold.

VanEck Digital Transformation ETF Trading Down 4.9%

Shares of NASDAQ:DAPP traded down $0.93 during trading on Friday, hitting $18.03. 1,342,562 shares of the company’s stock were exchanged, compared to its average volume of 694,602. The firm has a market cap of $335.36 million, a P/E ratio of 2.89 and a beta of 3.50. The firm has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $19.65. VanEck Digital Transformation ETF has a 1-year low of $7.80 and a 1-year high of $27.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC raised its holdings in shares of VanEck Digital Transformation ETF by 6.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 24,343 shares of the company’s stock valued at $403,000 after acquiring an additional 1,493 shares in the last quarter. Client First Investment Management LLC purchased a new stake in VanEck Digital Transformation ETF in the third quarter worth about $1,419,000. JP Wealth Management Inc. purchased a new stake in shares of VanEck Digital Transformation ETF in the 3rd quarter worth approximately $5,863,000. Farther Finance Advisors LLC purchased a new stake in shares of VanEck Digital Transformation ETF in the second quarter worth $116,000. Finally, Stratos Wealth Partners LTD. bought a new position in VanEck Digital Transformation ETF in the 2nd quarter worth about $689,000.

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.