VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Update

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 178,100 shares, a drop of 46.0% from the January 31st total of 329,800 shares. Based on an average daily volume of 367,100 shares, the short-interest ratio is presently 0.5 days.

VanEck Digital Transformation ETF Stock Performance

Shares of DAPP opened at $11.85 on Friday. The business’s 50-day moving average is $15.04 and its two-hundred day moving average is $14.31. The company has a market capitalization of $179.29 million, a P/E ratio of 2.89 and a beta of 3.42. VanEck Digital Transformation ETF has a fifty-two week low of $8.36 and a fifty-two week high of $20.71.

VanEck Digital Transformation ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.5808 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Several hedge funds have recently modified their holdings of DAPP. Jane Street Group LLC boosted its stake in shares of VanEck Digital Transformation ETF by 1,134.9% during the 3rd quarter. Jane Street Group LLC now owns 533,518 shares of the company’s stock worth $6,274,000 after acquiring an additional 490,316 shares in the last quarter. Kiker Wealth Management LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the 4th quarter worth about $3,912,000. Flow Traders U.S. LLC boosted its stake in shares of VanEck Digital Transformation ETF by 844.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 298,318 shares of the company’s stock worth $3,508,000 after acquiring an additional 266,734 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of VanEck Digital Transformation ETF during the 4th quarter worth about $2,791,000. Finally, LPL Financial LLC boosted its stake in shares of VanEck Digital Transformation ETF by 27.1% during the 4th quarter. LPL Financial LLC now owns 822,264 shares of the company’s stock worth $11,816,000 after acquiring an additional 175,390 shares in the last quarter.

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.