Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Rises By 58.5%

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 282,300 shares, a growth of 58.5% from the February 13th total of 178,100 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 388,500 shares, the days-to-cover ratio is currently 0.7 days.

VanEck Digital Transformation ETF Stock Up 6.5 %

Shares of NASDAQ:DAPP traded up $0.64 on Friday, reaching $10.55. 104,814 shares of the company’s stock were exchanged, compared to its average volume of 300,653. The business’s 50-day moving average is $14.12 and its two-hundred day moving average is $14.27. The firm has a market capitalization of $146.65 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. 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 firm also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.5808 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Torno Capital LLC acquired a new position in VanEck Digital Transformation ETF during the 4th quarter valued at about $79,000. D. E. Shaw & Co. Inc. lifted its position in VanEck Digital Transformation ETF by 87.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 89,667 shares of the company’s stock worth $1,289,000 after purchasing an additional 41,913 shares during the period. Mariner LLC boosted its stake in VanEck Digital Transformation ETF by 130.7% during the 4th quarter. Mariner LLC now owns 24,771 shares of the company’s stock valued at $356,000 after purchasing an additional 14,034 shares in the last quarter. Private Portfolio Partners LLC increased its position in shares of VanEck Digital Transformation ETF by 33.3% during the 4th quarter. Private Portfolio Partners LLC now owns 16,800 shares of the company’s stock valued at $241,000 after purchasing an additional 4,200 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in shares of VanEck Digital Transformation ETF by 36.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 30,927 shares of the company’s stock worth $444,000 after buying an additional 8,306 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.