Short Interest in VanEck Digital India ETF (NYSEARCA:DGIN) Declines By 49.7%

VanEck Digital India ETF (NYSEARCA:DGIN) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 6,184 shares, a decrease of 49.7% from the April 15th total of 12,298 shares. Based on an average daily trading volume, of 3,931 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Digital India ETF

A number of institutional investors have recently added to or reduced their stakes in DGIN. Osaic Holdings Inc. grew its position in VanEck Digital India ETF by 887.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock worth $156,000 after purchasing an additional 3,176 shares in the last quarter. Condor Capital Management grew its position in VanEck Digital India ETF by 5.0% in the 4th quarter. Condor Capital Management now owns 7,918 shares of the company’s stock worth $324,000 after purchasing an additional 378 shares in the last quarter. Citadel Advisors LLC bought a new position in VanEck Digital India ETF in the 3rd quarter valued at $840,000. Finally, Jane Street Group LLC grew its position in shares of VanEck Digital India ETF by 344.6% during the 1st quarter. Jane Street Group LLC now owns 21,711 shares of the company’s stock valued at $847,000 after acquiring an additional 16,828 shares during the period.

VanEck Digital India ETF Trading Down 1.0%

VanEck Digital India ETF stock traded down $0.35 during trading on Friday, hitting $33.33. 1,278 shares of the company were exchanged, compared to its average volume of 6,969. The business’s 50 day moving average is $32.94 and its 200 day moving average is $37.61. VanEck Digital India ETF has a 52 week low of $30.20 and a 52 week high of $44.49. The company has a market capitalization of $15.00 million, a P/E ratio of 40.34 and a beta of 0.70.

VanEck Digital India ETF Company Profile

The VanEck Digital India ETF (DGIN) is an exchange-traded fund that is based on the MVIS Digital India index. The fund tracks a market cap-weighted index of Indian companies that are involved in the digitalization of India’s economy. DGIN was launched on Feb 15, 2022 and is managed by VanEck.