VanEck Digital Transformation ETF (NASDAQ:DAPP) Sees Large Decline in Short Interest

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 55,185 shares, a decrease of 42.7% from the September 30th total of 96,325 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,245,881 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DAPP. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VanEck Digital Transformation ETF in the third quarter valued at about $3,289,000. Valen Private Capital LLC bought a new position in shares of VanEck Digital Transformation ETF in the third quarter worth about $1,841,000. Cetera Investment Advisers lifted its position in shares of VanEck Digital Transformation ETF by 86.7% during the 1st quarter. Cetera Investment Advisers now owns 105,369 shares of the company’s stock worth $1,572,000 after purchasing an additional 48,927 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of VanEck Digital Transformation ETF by 4.5% during the 1st quarter. Private Advisor Group LLC now owns 565,964 shares of the company’s stock worth $8,444,000 after purchasing an additional 24,466 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of VanEck Digital Transformation ETF during the 1st quarter worth about $359,000.

VanEck Digital Transformation ETF Price Performance

NASDAQ:DAPP traded down $0.58 during midday trading on Monday, reaching $13.59. The stock had a trading volume of 4,083,382 shares, compared to its average volume of 843,936. VanEck Digital Transformation ETF has a 1-year low of $13.52 and a 1-year high of $25.37. The firm’s fifty day simple moving average is $18.49 and its 200-day simple moving average is $18.47. The stock has a market capitalization of $212.68 million, a P/E ratio of 2.89 and a beta of 3.45.

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.