VanEck Digital Transformation ETF (NASDAQ:DAPP) Sees Large Growth in Short Interest

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

VanEck Digital Transformation ETF Price Performance

Shares of DAPP stock opened at $10.91 on Monday. The firm’s 50-day moving average is $11.48 and its two-hundred day moving average is $10.91. 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 capitalization of $108.34 million, a PE ratio of 2.89 and a beta of 2.90.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

A number of institutional investors have recently made changes to their positions in DAPP. Gainplan LLC increased its position in shares of VanEck Digital Transformation ETF by 12.4% during the fourth quarter. Gainplan LLC now owns 87,071 shares of the company’s stock valued at $895,000 after acquiring an additional 9,632 shares during the last quarter. Balboa Wealth Partners acquired a new position in VanEck Digital Transformation ETF during the 4th quarter worth approximately $120,000. Banque Cantonale Vaudoise acquired a new position in VanEck Digital Transformation ETF during the 1st quarter worth approximately $93,000. Wealthcare Advisory Partners LLC grew its holdings in VanEck Digital Transformation ETF by 38.7% during the 1st 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 in the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in VanEck Digital Transformation ETF during the 1st quarter worth approximately $34,000.

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.