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

VanEck Digital Transformation ETF (NASDAQ:DAPPGet Free Report) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totalling 260,100 shares, a decline of 10.0% from the April 15th total of 289,100 shares. Based on an average daily trading volume, of 315,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Several hedge funds have recently bought and sold shares of the business. Stratos Wealth Partners LTD. bought a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter worth approximately $1,591,000. Simplex Trading LLC bought a new position in VanEck Digital Transformation ETF in the 4th quarter worth about $75,000. Lincoln National Corp grew its position in VanEck Digital Transformation ETF by 28.0% during the 3rd quarter. Lincoln National Corp now owns 16,000 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in VanEck Digital Transformation ETF during the 4th quarter valued at about $121,000. Finally, Western Wealth Management LLC purchased a new position in VanEck Digital Transformation ETF in the third quarter worth about $62,000.

VanEck Digital Transformation ETF Price Performance

NASDAQ:DAPP opened at $9.21 on Wednesday. The firm’s 50-day moving average price is $10.02 and its 200-day moving average price is $8.91. The company has a market capitalization of $99.01 million, a PE ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a 1-year low of $4.95 and a 1-year high of $12.45.

VanEck Digital Transformation ETF Company Profile

(Get Free Report)

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.

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