VanEck Digital Transformation ETF (NASDAQ:DAPP) Shares Up 0.7% – Here’s Why

VanEck Digital Transformation ETF (NASDAQ:DAPP)’s stock price was up 0.7% on Monday . The company traded as high as $19.58 and last traded at $19.52. Approximately 4,131,162 shares were traded during mid-day trading, an increase of 448% from the average daily volume of 754,108 shares. The stock had previously closed at $19.38.

VanEck Digital Transformation ETF Stock Performance

The firm has a market cap of $416.36 million, a price-to-earnings ratio of 2.89 and a beta of 3.48. The business’s 50-day moving average is $16.29 and its 200-day moving average is $18.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in VanEck Digital Transformation ETF by 179.1% during the 1st quarter. Jane Street Group LLC now owns 396,256 shares of the company’s stock worth $3,578,000 after buying an additional 254,265 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of VanEck Digital Transformation ETF by 65.7% during the second quarter. Cetera Investment Advisers now owns 21,864 shares of the company’s stock valued at $362,000 after purchasing an additional 8,666 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of VanEck Digital Transformation ETF by 91.3% in the second quarter. Qube Research & Technologies Ltd now owns 9,019 shares of the company’s stock valued at $149,000 after purchasing an additional 4,304 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of VanEck Digital Transformation ETF by 111.4% in the second quarter. Bank of America Corp DE now owns 104,378 shares of the company’s stock valued at $1,727,000 after purchasing an additional 55,001 shares in the last quarter. Finally, Group One Trading LLC raised its position in VanEck Digital Transformation ETF by 77.6% in the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after purchasing an additional 1,408 shares during the last quarter.

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.