VanEck Digital Transformation ETF (NASDAQ:DAPP) Short Interest Down 43.7% in December

VanEck Digital Transformation ETF (NASDAQ:DAPP) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 216,000 shares, a decline of 43.7% from the December 15th total of 383,700 shares. Based on an average daily volume of 387,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise raised its stake in VanEck Digital Transformation ETF by 13.6% during the third quarter. Banque Cantonale Vaudoise now owns 11,777 shares of the company’s stock worth $138,000 after purchasing an additional 1,409 shares during the period. Gainplan LLC grew its stake in shares of VanEck Digital Transformation ETF by 2.2% in the 3rd quarter. Gainplan LLC now owns 86,811 shares of the company’s stock valued at $1,041,000 after buying an additional 1,876 shares during the period. TCP Asset Management LLC raised its position in shares of VanEck Digital Transformation ETF by 12.1% during the 3rd quarter. TCP Asset Management LLC now owns 18,543 shares of the company’s stock valued at $218,000 after buying an additional 2,000 shares during the period. CreativeOne Wealth LLC acquired a new position in VanEck Digital Transformation ETF in the third quarter valued at approximately $137,000. Finally, Flow Traders U.S. LLC grew its position in VanEck Digital Transformation ETF by 844.5% in the third 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 during the period.

VanEck Digital Transformation ETF Stock Performance

Shares of DAPP stock traded up $0.45 during trading hours on Tuesday, reaching $15.20. The company had a trading volume of 223,387 shares, compared to its average volume of 317,936. VanEck Digital Transformation ETF has a 12-month low of $6.91 and a 12-month high of $20.71. The company has a market capitalization of $195.78 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. The stock has a fifty day moving average of $17.06 and a 200-day moving average of $13.70.

VanEck Digital Transformation ETF Announces Dividend

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

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.