VanEck Digital Transformation ETF (NASDAQ:DAPP) Trading Down 1% – Time to Sell?

VanEck Digital Transformation ETF (NASDAQ:DAPP)’s stock price fell 1% during trading on Monday . The stock traded as low as $14.93 and last traded at $15.23. 323,894 shares were traded during trading, a decline of 46% from the average session volume of 603,543 shares. The stock had previously closed at $15.39.

VanEck Digital Transformation ETF Stock Down 1.0%

The stock’s 50-day moving average price is $17.76 and its 200 day moving average price is $19.46. The firm has a market cap of $283.28 million, a price-to-earnings ratio of 2.89 and a beta of 3.50.

Institutional Trading of VanEck Digital Transformation ETF

Institutional investors have recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of VanEck Digital Transformation ETF during the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC acquired a new position in shares of VanEck Digital Transformation ETF in the 4th quarter worth approximately $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of VanEck Digital Transformation ETF in the 4th quarter valued at $41,000. Group One Trading LLC grew its stake in VanEck Digital Transformation ETF by 77.6% during the second quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after buying an additional 1,408 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in VanEck Digital Transformation ETF during the 2nd quarter worth approximately $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.