VanEck Digital Transformation ETF (NASDAQ:DAPP) Stock Short Interest Falls 42.7%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 55,185 shares, a drop of 42.7% from the September 30th total of 96,325 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,245,881 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in VanEck Digital Transformation ETF during the third quarter worth about $3,289,000. Valen Private Capital LLC purchased a new stake in shares of VanEck Digital Transformation ETF in the 3rd quarter valued at approximately $1,841,000. Manchester Capital Management LLC purchased a new stake in shares of VanEck Digital Transformation ETF in the 3rd quarter valued at approximately $39,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of VanEck Digital Transformation ETF during the 3rd quarter worth approximately $220,000. Finally, Gainplan LLC increased its holdings in shares of VanEck Digital Transformation ETF by 6.1% during the 3rd quarter. Gainplan LLC now owns 41,342 shares of the company’s stock worth $784,000 after buying an additional 2,391 shares during the last quarter.

VanEck Digital Transformation ETF Trading Down 7.8%

NASDAQ DAPP traded down $1.20 on Friday, reaching $14.17. 757,155 shares of the company were exchanged, compared to its average volume of 828,436. The business’s fifty day moving average price is $18.49 and its 200 day moving average price is $18.47. The stock has a market capitalization of $221.76 million, a P/E ratio of 2.89 and a beta of 3.45. VanEck Digital Transformation ETF has a fifty-two week low of $13.68 and a fifty-two week high of $25.37.

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.