VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Up 129.7% in September

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 296,100 shares, a growth of 129.7% from the August 31st total of 128,900 shares. Based on an average daily trading volume, of 200,200 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new position in VanEck Digital Transformation ETF during the first quarter worth approximately $34,000. Wealthcare Advisory Partners LLC grew its position in shares of VanEck Digital Transformation ETF by 38.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 16,300 shares of the company’s stock worth $190,000 after acquiring an additional 4,550 shares during the last quarter. TCP Asset Management LLC grew its position in shares of VanEck Digital Transformation ETF by 6.4% during the first quarter. TCP Asset Management LLC now owns 18,788 shares of the company’s stock worth $219,000 after acquiring an additional 1,125 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of VanEck Digital Transformation ETF in the 1st quarter valued at $93,000. Finally, Western Wealth Management LLC raised its position 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 last quarter.

VanEck Digital Transformation ETF Trading Up 1.2 %

VanEck Digital Transformation ETF stock opened at $12.33 on Friday. The stock has a market cap of $122.44 million, a P/E ratio of 2.89 and a beta of 2.90. The company has a fifty day simple moving average of $11.15 and a 200-day simple moving average of $10.97. VanEck Digital Transformation ETF has a 12-month low of $4.97 and a 12-month high of $15.14.

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.