VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Down 43.1% in November

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 85,400 shares, a drop of 43.1% from the October 31st total of 150,200 shares. Based on an average daily volume of 305,400 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Digital Transformation ETF Stock Performance

Shares of DAPP traded up $1.36 during mid-day trading on Thursday, reaching $18.34. 281,232 shares of the company’s stock traded hands, compared to its average volume of 283,579. The business’s 50-day moving average price is $14.22 and its 200-day moving average price is $12.37. The stock has a market capitalization of $197.16 million, a P/E ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a 12 month low of $6.59 and a 12 month high of $19.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DAPP. Banque Cantonale Vaudoise lifted its holdings in VanEck Digital Transformation ETF by 13.6% in the third quarter. Banque Cantonale Vaudoise now owns 11,777 shares of the company’s stock worth $138,000 after purchasing an additional 1,409 shares during the period. Gainplan LLC raised its position in shares of VanEck Digital Transformation ETF by 2.2% during the 3rd quarter. Gainplan LLC now owns 86,811 shares of the company’s stock worth $1,041,000 after buying an additional 1,876 shares in the last quarter. TCP Asset Management LLC raised its position in shares of VanEck Digital Transformation ETF by 12.1% during the 3rd quarter. TCP Asset Management LLC now owns 18,543 shares of the company’s stock worth $218,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of VanEck Digital Transformation ETF by 17.0% in the 2nd quarter. Western Wealth Management LLC now owns 24,566 shares of the company’s stock worth $295,000 after acquiring an additional 3,575 shares during the period. Finally, CreativeOne Wealth LLC bought a new position in shares of VanEck Digital Transformation ETF in the third quarter valued at approximately $137,000.

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.