Short Interest in VanEck Digital Transformation ETF (NASDAQ:DAPP) Expands By 122.4%

Posted by Donald Scott on Jan 31st, 2025

VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 480,300 shares, a growth of 122.4% from the December 31st total of 216,000 shares. Based on an average daily volume of 394,700 shares, the days-to-cover ratio is presently 1.2 days.

VanEck Digital Transformation ETF Stock Performance

DAPP opened at $15.41 on Friday. The stock has a market capitalization of $214.20 million, a price-to-earnings ratio of 2.89 and a beta of 2.90. The company has a fifty day moving average of $16.83 and a 200 day moving average of $13.99. VanEck Digital Transformation ETF has a fifty-two week low of $7.10 and a fifty-two week high of $20.71.

VanEck Digital Transformation ETF Announces Dividend

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

Institutional Investors Weigh In On VanEck Digital Transformation ETF

Several large investors have recently made changes to their positions in DAPP. Golden State Wealth Management LLC purchased a new stake in VanEck Digital Transformation ETF during the fourth quarter valued at $60,000. CreativeOne Wealth LLC bought a new stake in shares of VanEck Digital Transformation ETF in the 3rd quarter worth about $137,000. Banque Cantonale Vaudoise raised its position in shares of VanEck Digital Transformation ETF by 13.6% during the 3rd 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 in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of VanEck Digital Transformation ETF in the 4th quarter valued at about $150,000. Finally, Accel Wealth Management purchased a new position in VanEck Digital Transformation ETF in the fourth quarter worth about $178,000.

VanEck Digital Transformation ETF Company Profile

(Get Free Report)

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.