VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 150,200 shares, a decrease of 65.2% from the October 15th total of 432,100 shares. Based on an average daily volume of 273,400 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Investors Weigh In On VanEck Digital Transformation ETF
A number of institutional investors and hedge funds have recently made changes to their positions in DAPP. Banque Cantonale Vaudoise lifted its position in shares of VanEck Digital Transformation ETF by 29.2% in the second quarter. Banque Cantonale Vaudoise now owns 10,368 shares of the company’s stock worth $124,000 after purchasing an additional 2,346 shares in the last quarter. TCP Asset Management LLC grew its holdings in shares of VanEck Digital Transformation ETF by 12.1% during the 3rd quarter. TCP Asset Management LLC now owns 18,543 shares of the company’s stock worth $218,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC raised its position in VanEck Digital Transformation ETF by 17.0% in the second 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. Evermay Wealth Management LLC acquired a new stake in VanEck Digital Transformation ETF in the first quarter valued at approximately $761,000. Finally, Gainplan LLC raised its stake in shares of VanEck Digital Transformation ETF by 2.2% during the 3rd quarter. Gainplan LLC now owns 86,811 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,876 shares during the period.
VanEck Digital Transformation ETF Trading Down 0.7 %
VanEck Digital Transformation ETF stock traded down $0.14 during trading hours on Tuesday, hitting $18.72. 513,767 shares of the stock traded hands, compared to its average volume of 278,303. The company has a market cap of $201.24 million, a PE ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a one year low of $5.53 and a one year high of $19.01. The firm’s 50-day moving average price is $12.30 and its two-hundred day moving average price is $11.64.
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.
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