VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 153,962 shares, an increase of 82.2% from the August 31st total of 84,523 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 1,232,986 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of VanEck Digital Transformation ETF
Institutional investors have recently bought and sold shares of the stock. Gainplan LLC increased its stake in VanEck Digital Transformation ETF by 3.3% during the 2nd quarter. Gainplan LLC now owns 38,951 shares of the company’s stock valued at $755,000 after purchasing an additional 1,237 shares in the last quarter. Western Wealth Management LLC grew its holdings in shares of VanEck Digital Transformation ETF by 6.6% during the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock valued at $637,000 after buying an additional 2,630 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of VanEck Digital Transformation ETF by 86.7% during the first quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock valued at $1,572,000 after buying an additional 48,927 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the first quarter valued at $29,000. Finally, Independent Financial Group LLC acquired a new position in shares of VanEck Digital Transformation ETF in the 1st quarter valued at $359,000.
VanEck Digital Transformation ETF Trading Down 1.1%
Shares of DAPP stock traded down $0.21 during trading hours on Thursday, reaching $18.75. 152,652 shares of the company’s stock were exchanged, compared to its average volume of 796,420. VanEck Digital Transformation ETF has a 1 year low of $13.68 and a 1 year high of $27.49. The stock has a market cap of $426.26 million, a PE ratio of 2.89 and a beta of 3.45. The stock’s fifty day moving average price is $19.07 and its two-hundred day moving average price is $19.14.
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.
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