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

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 516,540 shares, an increase of 103.5% from the April 15th total of 253,832 shares. Based on an average daily trading volume, of 1,172,246 shares, the short-interest ratio is presently 0.4 days. Approximately 2.1% of the shares of the company are short sold.

Institutional Trading of VanEck Digital Transformation ETF

Hedge funds have recently made changes to their positions in the stock. Abound Financial LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 1st quarter worth approximately $29,000. Kestra Advisory Services LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter worth approximately $31,000. Flagship Harbor Advisors LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter worth approximately $41,000. Finally, Group One Trading LLC lifted its holdings in shares of VanEck Digital Transformation ETF by 77.6% in the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after purchasing an additional 1,408 shares during the last quarter.

VanEck Digital Transformation ETF Stock Down 5.4%

NASDAQ:DAPP traded down $1.12 during trading hours on Monday, reaching $19.79. 220,686 shares of the stock were exchanged, compared to its average volume of 774,695. The stock has a market capitalization of $484.86 million, a P/E ratio of 2.89 and a beta of 3.41. VanEck Digital Transformation ETF has a 52 week low of $12.60 and a 52 week high of $27.49. The firm has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $18.21.

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.