Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Rises By 207.5%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 432,100 shares, an increase of 207.5% from the September 30th total of 140,500 shares. Based on an average daily volume of 234,800 shares, the short-interest ratio is presently 1.8 days.

VanEck Digital Transformation ETF Trading Down 1.8 %

VanEck Digital Transformation ETF stock traded down $0.25 during mid-day trading on Friday, hitting $13.55. 330,781 shares of the company’s stock were exchanged, compared to its average volume of 269,294. VanEck Digital Transformation ETF has a 1-year low of $5.47 and a 1-year high of $15.14. The stock has a 50 day moving average of $11.51 and a two-hundred day moving average of $11.21. The stock has a market cap of $145.93 million, a P/E ratio of 2.89 and a beta of 2.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DAPP. AlphaMark Advisors LLC bought a new position in VanEck Digital Transformation ETF in the 1st quarter worth $34,000. Banque Cantonale Vaudoise grew its position in shares of VanEck Digital Transformation ETF by 29.2% in the second quarter. Banque Cantonale Vaudoise now owns 10,368 shares of the company’s stock valued at $124,000 after purchasing an additional 2,346 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of VanEck Digital Transformation ETF by 38.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 16,300 shares of the company’s stock worth $190,000 after purchasing an additional 4,550 shares during the period. TCP Asset Management LLC increased its position in VanEck Digital Transformation ETF by 12.1% in 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 during the period. Finally, Western Wealth Management LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 17.0% during the second quarter. Western Wealth Management LLC now owns 24,566 shares of the company’s stock worth $295,000 after buying an additional 3,575 shares during the last quarter.

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.