VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Update

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 20,100 shares, a decline of 93.1% from the March 31st total of 290,100 shares. Based on an average trading volume of 346,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

VanEck Digital Transformation ETF Stock Performance

NASDAQ:DAPP opened at $10.64 on Monday. The firm’s fifty day moving average is $10.31 and its 200-day moving average is $13.97. VanEck Digital Transformation ETF has a 52 week low of $7.80 and a 52 week high of $20.71. The firm has a market cap of $153.54 million, a P/E ratio of 2.89 and a beta of 2.90.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter valued at $745,000. Accel Wealth Management bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter valued at $178,000. LPL Financial LLC boosted its stake in shares of VanEck Digital Transformation ETF by 27.1% in the 4th quarter. LPL Financial LLC now owns 822,264 shares of the company’s stock valued at $11,816,000 after purchasing an additional 175,390 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of VanEck Digital Transformation ETF by 19.6% in the 4th quarter. HighTower Advisors LLC now owns 39,184 shares of the company’s stock valued at $563,000 after purchasing an additional 6,413 shares during the last quarter. Finally, WJ Wealth Management LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter valued at $1,324,000.

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.