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

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 128,900 shares, a growth of 53.6% from the August 15th total of 83,900 shares. Based on an average daily volume of 213,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its stake in shares of VanEck Digital Transformation ETF by 29.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 10,368 shares of the company’s stock worth $124,000 after buying an additional 2,346 shares during the last quarter. Western Wealth Management LLC grew its stake in VanEck Digital Transformation ETF by 17.0% in the 2nd quarter. Western Wealth Management LLC now owns 24,566 shares of the company’s stock valued at $295,000 after purchasing an additional 3,575 shares during the period. Jane Street Group LLC increased its position in shares of VanEck Digital Transformation ETF by 179.4% during the 1st quarter. Jane Street Group LLC now owns 410,387 shares of the company’s stock valued at $4,781,000 after purchasing an additional 263,487 shares during the last quarter. Evermay Wealth Management LLC bought a new stake in shares of VanEck Digital Transformation ETF during the 1st quarter worth $761,000. Finally, TCP Asset Management LLC boosted its holdings in shares of VanEck Digital Transformation ETF by 6.4% in the 1st quarter. TCP Asset Management LLC now owns 18,788 shares of the company’s stock worth $219,000 after buying an additional 1,125 shares during the last quarter.

VanEck Digital Transformation ETF Trading Up 2.3 %

NASDAQ DAPP opened at $10.91 on Friday. The company has a fifty day simple moving average of $11.48 and a 200 day simple moving average of $10.90. VanEck Digital Transformation ETF has a 12-month low of $4.97 and a 12-month high of $15.14. The company has a market cap of $108.34 million, a P/E ratio of 2.89 and a beta of 2.90.

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.