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

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 516,540 shares, an increase of 103.5% from the April 15th total of 253,832 shares. Based on an average trading volume of 1,172,246 shares, the short-interest ratio is currently 0.4 days. Currently, 2.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAPP. Abound Financial LLC bought a new position in shares of VanEck Digital Transformation ETF in the fourth quarter worth $26,000. Kestra Advisory Services LLC bought a new position in shares of VanEck Digital Transformation ETF in the fourth quarter worth $31,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of VanEck Digital Transformation ETF in the first quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new stake in VanEck Digital Transformation ETF in the fourth quarter valued at about $41,000. Finally, Group One Trading LLC boosted its stake in VanEck Digital Transformation ETF by 77.6% in the second quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock valued at $53,000 after buying an additional 1,408 shares in the last quarter.

VanEck Digital Transformation ETF Stock Performance

DAPP traded down $1.50 during trading hours on Friday, reaching $20.91. The company’s stock had a trading volume of 494,684 shares, compared to its average volume of 780,920. VanEck Digital Transformation ETF has a 52 week low of $12.47 and a 52 week high of $27.49. The company’s 50-day moving average is $17.78 and its 200-day moving average is $18.26. The firm has a market cap of $512.30 million, a PE ratio of 2.89 and a beta of 3.41.

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.