Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Rises By 207.5%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 432,100 shares, a growth of 207.5% from the September 30th total of 140,500 shares. Based on an average trading volume of 234,800 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAPP. TCP Asset Management LLC increased its stake in shares of VanEck Digital Transformation ETF by 12.1% in the third quarter. TCP Asset Management LLC now owns 18,543 shares of the company’s stock worth $218,000 after acquiring an additional 2,000 shares during the last quarter. Gainplan LLC increased its position in VanEck Digital Transformation ETF by 2.2% in the 3rd quarter. Gainplan LLC now owns 86,811 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,876 shares during the last quarter. Banque Cantonale Vaudoise increased its position in 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 purchasing an additional 2,346 shares during the last quarter. Western Wealth Management LLC raised its stake in shares of VanEck Digital Transformation ETF by 17.0% during the 2nd quarter. Western Wealth Management LLC now owns 24,566 shares of the company’s stock worth $295,000 after purchasing an additional 3,575 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 buying an additional 263,487 shares during the last quarter.

VanEck Digital Transformation ETF Stock Down 1.8 %

Shares of DAPP traded down $0.25 during trading hours on Friday, reaching $13.55. The company’s stock had a trading volume of 330,781 shares, compared to its average volume of 269,294. The company has a 50 day moving average of $11.51 and a two-hundred day moving average of $11.21. The firm has a market cap of $145.93 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a 1-year low of $5.47 and a 1-year 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.