VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Update

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 289,200 shares, an increase of 238.6% from the November 15th total of 85,400 shares. Based on an average daily volume of 337,900 shares, the short-interest ratio is currently 0.9 days.

VanEck Digital Transformation ETF Trading Up 3.6 %

Shares of NASDAQ DAPP traded up $0.65 on Wednesday, reaching $18.55. 249,827 shares of the company traded hands, compared to its average volume of 287,077. The stock has a market capitalization of $199.41 million, a PE ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a fifty-two week low of $6.91 and a fifty-two week high of $20.71. The company has a 50 day moving average of $15.36 and a 200 day moving average of $12.89.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise grew its stake in shares of VanEck Digital Transformation ETF by 29.2% during the 2nd quarter. Banque Cantonale Vaudoise now owns 10,368 shares of the company’s stock valued at $124,000 after buying an additional 2,346 shares during the period. CreativeOne Wealth LLC purchased a new stake in VanEck Digital Transformation ETF during the third quarter valued at about $137,000. TCP Asset Management LLC raised its holdings in shares of VanEck Digital Transformation ETF by 12.1% in 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 during the period. Western Wealth Management LLC raised its holdings in shares of VanEck Digital Transformation ETF by 17.0% in 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 during the period. Finally, Gainplan LLC grew its holdings 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 worth $1,041,000 after purchasing an additional 1,876 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.