VanEck Digital Transformation ETF (NASDAQ:DAPP – Get Free Report) was up 6.6% on Monday . The company traded as high as $21.11 and last traded at $20.95. Approximately 707,422 shares were traded during trading, a decline of 14% from the average daily volume of 822,920 shares. The stock had previously closed at $19.66.
VanEck Digital Transformation ETF Stock Up 6.6%
The company has a market cap of $513.28 million, a PE ratio of 2.89 and a beta of 3.42. The firm has a 50 day simple moving average of $19.42 and a 200-day simple moving average of $18.21.
Institutional Investors Weigh In On VanEck Digital Transformation ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of DAPP. Abound Financial LLC acquired a new stake in VanEck Digital Transformation ETF in the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC acquired a new position in shares of VanEck Digital Transformation ETF during the fourth quarter worth $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the 1st quarter valued at $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of VanEck Digital Transformation ETF during the 4th quarter valued at $41,000. Finally, Group One Trading LLC boosted its position in shares of VanEck Digital Transformation ETF by 77.6% in the 2nd quarter. Group One Trading LLC now owns 3,223 shares of the company’s stock worth $53,000 after purchasing an additional 1,408 shares in the last quarter.
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.
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