VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 96,325 shares, a decline of 37.4% from the September 15th total of 153,962 shares. Based on an average daily volume of 1,162,082 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold.
VanEck Digital Transformation ETF Stock Down 6.3%
DAPP traded down $1.06 during mid-day trading on Friday, reaching $15.75. 1,485,722 shares of the company traded hands, compared to its average volume of 823,957. The company’s fifty day moving average price is $19.08 and its 200-day moving average price is $19.27. The stock has a market capitalization of $332.32 million, a P/E ratio of 2.89 and a beta of 3.45. VanEck Digital Transformation ETF has a 52-week low of $13.68 and a 52-week high of $26.30.
Institutional Trading of VanEck Digital Transformation ETF
A number of hedge funds have recently bought and sold shares of DAPP. B. Riley Wealth Advisors Inc. purchased a new position in VanEck Digital Transformation ETF in the third quarter worth about $220,000. Gainplan LLC lifted its stake in shares of VanEck Digital Transformation ETF by 6.1% in the 3rd quarter. Gainplan LLC now owns 41,342 shares of the company’s stock worth $784,000 after purchasing an additional 2,391 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of VanEck Digital Transformation ETF by 71.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,000 shares of the company’s stock worth $228,000 after purchasing an additional 5,000 shares during the period. Western Wealth Management LLC boosted its holdings in shares of VanEck Digital Transformation ETF by 6.6% in the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock worth $637,000 after buying an additional 2,630 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of VanEck Digital Transformation ETF by 86.7% in the first quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock worth $1,572,000 after buying an additional 48,927 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.
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