Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Grows By 122.4%

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 480,300 shares, an increase of 122.4% from the December 31st total of 216,000 shares. Based on an average trading volume of 394,700 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Accel Wealth Management bought a new position in VanEck Digital Transformation ETF in the 4th quarter worth about $178,000. Jane Street Group LLC boosted its holdings in shares of VanEck Digital Transformation ETF by 1,134.9% in the third quarter. Jane Street Group LLC now owns 533,518 shares of the company’s stock valued at $6,274,000 after purchasing an additional 490,316 shares during the period. Gainplan LLC grew its stake in VanEck Digital Transformation ETF by 2.2% in the third quarter. Gainplan LLC now owns 86,811 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,876 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in VanEck Digital Transformation ETF by 13.6% during the 3rd 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. Finally, TCP Asset Management LLC raised its position in 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 valued at $218,000 after purchasing an additional 2,000 shares in the last quarter.

VanEck Digital Transformation ETF Stock Up 5.0 %

Shares of VanEck Digital Transformation ETF stock opened at $15.41 on Friday. The stock’s fifty day moving average is $16.83 and its two-hundred day moving average is $13.99. VanEck Digital Transformation ETF has a 52 week low of $7.10 and a 52 week high of $20.71. The company has a market capitalization of $214.20 million, a PE ratio of 2.89 and a beta of 2.90.

VanEck Digital Transformation ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were issued a $0.5808 dividend. The ex-dividend date was Monday, December 23rd.

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.