VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 115,800 shares, an increase of 106.4% from the April 30th total of 56,100 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 444,700 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of VanEck Digital Transformation ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the first quarter worth about $28,000. Banque Cantonale Vaudoise purchased a new stake in shares of VanEck Digital Transformation ETF during the first quarter worth about $35,000. Golden State Wealth Management LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the fourth quarter worth about $60,000. Torno Capital LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the fourth quarter worth about $79,000. Finally, Private Advisor Group LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the first quarter worth about $124,000.
VanEck Digital Transformation ETF Trading Down 3.4%
Shares of DAPP traded down $0.45 during midday trading on Friday, reaching $12.70. 775,395 shares of the company were exchanged, compared to its average volume of 338,266. The stock has a 50-day moving average price of $10.81 and a 200-day moving average price of $13.64. The company has a market cap of $180.98 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a 1-year low of $7.80 and a 1-year high of $20.71.
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.
Read More
- Five stocks we like better than VanEck Digital Transformation ETF
- How to Invest in Insurance Companies: A Guide
- Apple’s Quiet HomePad Delay Could Be Its Loudest Move Yet
- Why Are Stock Sectors Important to Successful Investing?
- e.l.f. Gets Back on the Shelf! It’s Not Too Late to Buy In!
- What is the Dogs of the Dow Strategy? Overview and Examples
- Near 52-Week Lows, These 3 Mid-Cap Stocks Are Worth a Look
Receive News & Ratings for VanEck Digital Transformation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Digital Transformation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
