Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Declines By 35.7%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 214,500 shares, a decrease of 35.7% from the January 29th total of 333,534 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 602,420 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 602,420 shares, the short-interest ratio is currently 0.4 days. Approximately 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Several hedge funds have recently made changes to their positions in DAPP. JP Wealth Management Inc. bought a new position in shares of VanEck Digital Transformation ETF in the 3rd quarter valued at about $5,863,000. Client First Investment Management LLC bought a new stake in VanEck Digital Transformation ETF during the third quarter worth about $1,419,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in VanEck Digital Transformation ETF during the second quarter valued at approximately $199,000. Private Advisor Group LLC boosted its position in VanEck Digital Transformation ETF by 2,219.3% during the third quarter. Private Advisor Group LLC now owns 540,445 shares of the company’s stock valued at $11,755,000 after purchasing an additional 517,143 shares during the last quarter. Finally, Western Wealth Management LLC grew its stake in VanEck Digital Transformation ETF by 5.2% in the third quarter. Western Wealth Management LLC now owns 31,775 shares of the company’s stock valued at $691,000 after purchasing an additional 1,575 shares in the last quarter.

VanEck Digital Transformation ETF Stock Performance

NASDAQ:DAPP opened at $15.93 on Friday. The company has a market cap of $296.30 million, a PE ratio of 2.89 and a beta of 3.50. VanEck Digital Transformation ETF has a 52-week low of $7.80 and a 52-week high of $27.49. The stock has a 50-day simple moving average of $17.70 and a 200 day simple moving average of $19.43.

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.