VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Shorted: Short Interest Down 37.4% in September

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant decline in short interest during 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. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,162,082 shares, the days-to-cover ratio is currently 0.1 days.

VanEck Digital Transformation ETF Stock Down 7.3%

NASDAQ:DAPP opened at $15.58 on Friday. The business’s 50 day moving average is $19.04 and its two-hundred day moving average is $19.25. VanEck Digital Transformation ETF has a 52 week low of $13.68 and a 52 week high of $26.30. The company has a market cap of $328.74 million, a PE ratio of 2.89 and a beta of 3.45.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in VanEck Digital Transformation ETF during the first quarter worth $29,000. B. Riley Wealth Advisors Inc. bought a new stake in VanEck Digital Transformation ETF during the third quarter valued at $220,000. Farther Finance Advisors LLC raised its holdings in shares of VanEck Digital Transformation ETF by 71.4% during the third 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. Independent Financial Group LLC acquired a new stake in shares of VanEck Digital Transformation ETF during the first quarter worth $359,000. Finally, Western Wealth Management LLC raised 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 worth $637,000 after purchasing an additional 2,630 shares during the period.

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.