VanEck Digital Transformation ETF (NASDAQ:DAPP) Stock Short Interest Climbs 82.2%

by · The Markets Daily

VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 153,962 shares, a growth of 82.2% from the August 31st total of 84,523 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,232,986 shares, the short-interest ratio is presently 0.1 days.

VanEck Digital Transformation ETF Trading Down 2.8%

Shares of NASDAQ DAPP traded down $0.55 during midday trading on Wednesday, reaching $18.93. The company’s stock had a trading volume of 1,080,521 shares, compared to its average volume of 799,967. VanEck Digital Transformation ETF has a fifty-two week low of $13.68 and a fifty-two week high of $27.49. The stock has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $19.14. The stock has a market capitalization of $423.54 million, a price-to-earnings ratio of 2.89 and a beta of 3.45.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its holdings in VanEck Digital Transformation ETF by 86.7% during the first 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 period. Western Wealth Management LLC raised its stake in VanEck Digital Transformation ETF by 6.6% in the first quarter. Western Wealth Management LLC now owns 42,690 shares of the company’s stock valued at $637,000 after buying an additional 2,630 shares during the period. Gainplan LLC raised its stake in VanEck Digital Transformation ETF by 3.3% in the second quarter. Gainplan LLC now owns 38,951 shares of the company’s stock valued at $755,000 after buying an additional 1,237 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of VanEck Digital Transformation ETF in the first quarter valued at approximately $29,000. Finally, Independent Financial Group LLC acquired a new stake in shares of VanEck Digital Transformation ETF in the first quarter valued at approximately $359,000.

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.

See Also