VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Pass Above 50 Day Moving Average – Time to Sell?

VanEck Digital Transformation ETF (NASDAQ:DAPP) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $13.36 and traded as high as $19.34. VanEck Digital Transformation ETF shares last traded at $17.45, with a volume of 508,171 shares.

VanEck Digital Transformation ETF Stock Performance

The stock has a market capitalization of $198.55 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. The business has a 50-day moving average of $13.64 and a 200-day moving average of $12.13.

Institutional Trading of VanEck Digital Transformation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gainplan LLC grew its stake in shares of VanEck Digital Transformation ETF by 2.2% in the third quarter. Gainplan LLC now owns 86,811 shares of the company’s stock valued at $1,041,000 after buying an additional 1,876 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in VanEck Digital Transformation ETF by 13.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 11,777 shares of the company’s stock valued at $138,000 after acquiring an additional 1,409 shares during the period. TCP Asset Management LLC increased its stake in VanEck Digital Transformation ETF by 12.1% during the third 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 during the period. Western Wealth Management LLC lifted 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 purchasing an additional 3,575 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of VanEck Digital Transformation ETF by 179.4% in the first quarter. Jane Street Group LLC now owns 410,387 shares of the company’s stock valued at $4,781,000 after purchasing an additional 263,487 shares during the period.

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.