VanEck Digital Transformation ETF (NASDAQ:DAPP) Sees Significant Growth in Short Interest

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 289,100 shares, an increase of 29.4% from the March 31st total of 223,400 shares. Based on an average trading volume of 315,200 shares, the short-interest ratio is presently 0.9 days.

VanEck Digital Transformation ETF Stock Up 2.4 %

Shares of VanEck Digital Transformation ETF stock opened at $10.10 on Friday. The firm has a market cap of $106.76 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a 52-week low of $4.80 and a 52-week high of $12.45. The company’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $8.55.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

A number of institutional investors have recently added to or reduced their stakes in DAPP. Lincoln National Corp raised its position in VanEck Digital Transformation ETF by 28.0% in the third quarter. Lincoln National Corp now owns 16,000 shares of the company’s stock worth $88,000 after acquiring an additional 3,500 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of VanEck Digital Transformation ETF in the 3rd quarter valued at about $62,000. SFG Wealth Management LLC. acquired a new stake in shares of VanEck Digital Transformation ETF in the fourth quarter valued at about $937,000. Stratos Wealth Partners LTD. acquired a new stake in shares of VanEck Digital Transformation ETF in the fourth quarter valued at about $1,591,000. Finally, Simplex Trading LLC purchased a new stake in VanEck Digital Transformation ETF during the fourth quarter worth 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.