VanEck Digital Transformation ETF (NASDAQ:DAPP) Sees Significant Growth in Short Interest

VanEck Digital Transformation ETF (NASDAQ:DAPP) saw a large growth in short interest in 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 sold short. Based on an average daily volume of 388,500 shares, the short-interest ratio is currently 0.7 days.

VanEck Digital Transformation ETF Price Performance

Shares of NASDAQ DAPP traded down $0.25 during trading on Monday, hitting $10.30. 35,633 shares of the company were exchanged, compared to its average volume of 299,600. The firm’s fifty day moving average price is $14.12 and its 200 day moving average price is $14.31. The company has a market cap of $143.23 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. VanEck Digital Transformation ETF has a 1 year low of $8.36 and a 1 year high of $20.71.

VanEck Digital Transformation ETF Announces Dividend

The company also recently declared 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 was Monday, December 23rd.

Hedge Funds Weigh In On VanEck Digital Transformation ETF

Several hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in VanEck Digital Transformation ETF in the 4th quarter valued at about $60,000. Torno Capital LLC acquired a new stake in shares of VanEck Digital Transformation ETF in the fourth quarter valued at about $79,000. Flagship Harbor Advisors LLC purchased a new stake in VanEck Digital Transformation ETF during the 4th quarter worth $150,000. CreativeOne Wealth LLC purchased a new stake in VanEck Digital Transformation ETF during the 3rd quarter worth approximately $137,000. Finally, Banque Cantonale Vaudoise increased its holdings in VanEck Digital Transformation ETF by 13.6% in the third quarter. Banque Cantonale Vaudoise now owns 11,777 shares of the company’s stock valued at $138,000 after buying an additional 1,409 shares during 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.