Shares of VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) fell 5.3% on Wednesday . The company traded as low as $12.89 and last traded at $12.96. 251,106 shares traded hands during trading, a decline of 12% from the average session volume of 284,774 shares. The stock had previously closed at $13.69.
VanEck Digital Transformation ETF Stock Up 4.6 %
The firm’s 50 day simple moving average is $12.04 and its 200-day simple moving average is $10.38. The company has a market capitalization of $127.84 million, a PE ratio of 2.89 and a beta of 2.90.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DAPP. TCP Asset Management LLC boosted its holdings in 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 acquiring an additional 1,125 shares during the period. AlphaMark Advisors LLC purchased a new position in VanEck Digital Transformation ETF in the 1st quarter valued at about $34,000. Western Wealth Management LLC increased its position in shares of VanEck Digital Transformation ETF by 17.0% during the second quarter. Western Wealth Management LLC now owns 24,566 shares of the company’s stock worth $295,000 after acquiring an additional 3,575 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of VanEck Digital Transformation ETF by 38.7% in 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 in the last quarter. Finally, Simplex Trading LLC purchased a new position in VanEck Digital Transformation ETF in the fourth quarter valued at about $75,000.
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.
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