Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Declines By 52.5%

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 140,500 shares, a drop of 52.5% from the September 15th total of 296,100 shares. Based on an average daily trading volume, of 228,300 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of VanEck Digital Transformation ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAPP. Gainplan LLC boosted its stake in 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 acquiring an additional 1,876 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in VanEck Digital Transformation ETF by 29.2% in the second quarter. Banque Cantonale Vaudoise now owns 10,368 shares of the company’s stock valued at $124,000 after purchasing an additional 2,346 shares during the last quarter. Western Wealth Management LLC lifted its stake 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 buying an additional 3,575 shares during the period. Jane Street Group LLC boosted its holdings in VanEck Digital Transformation ETF by 179.4% during the first quarter. Jane Street Group LLC now owns 410,387 shares of the company’s stock worth $4,781,000 after buying an additional 263,487 shares during the last quarter. Finally, Evermay Wealth Management LLC acquired a new position in shares of VanEck Digital Transformation ETF during the 1st quarter worth about $761,000.

VanEck Digital Transformation ETF Price Performance

Shares of DAPP stock traded up $0.82 on Friday, reaching $11.96. 510,862 shares of the stock were exchanged, compared to its average volume of 269,064. VanEck Digital Transformation ETF has a one year low of $4.97 and a one year high of $15.14. The stock has a market cap of $130.17 million, a PE ratio of 2.89 and a beta of 2.90. The stock has a 50 day moving average price of $10.89 and a 200 day moving average price of $11.04.

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.