VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Up 0.7% – What’s Next?

VanEck Digital Transformation ETF (NASDAQ:DAPP) shot up 0.7% on Tuesday . The company traded as high as $17.65 and last traded at $17.61. 1,192,888 shares traded hands during trading, an increase of 130% from the average session volume of 518,724 shares. The stock had previously closed at $17.48.

VanEck Digital Transformation ETF Stock Up 0.7%

The company’s fifty day moving average price is $22.25 and its 200-day moving average price is $18.46. The stock has a market capitalization of $282.11 million, a PE ratio of 2.89 and a beta of 3.50.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new position in shares of VanEck Digital Transformation ETF during the first quarter valued at $35,000. Group One Trading LLC grew its position in VanEck Digital Transformation ETF by 77.6% during the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock valued at $53,000 after purchasing an additional 1,408 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in VanEck Digital Transformation ETF during the 2nd quarter valued at about $116,000. Private Advisor Group LLC bought a new stake in VanEck Digital Transformation ETF during the 1st quarter valued at about $124,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in VanEck Digital Transformation ETF in the second quarter worth about $128,000.

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.