VanEck Digital India ETF (NYSEARCA:DGIN) Sees Large Drop in Short Interest

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased 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 valued at $156,000 after buying an additional 3,176 shares in the last quarter. Condor Capital Management increased 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 valued at $324,000 after buying an additional 378 shares in the last quarter. Citadel Advisors LLC bought a new stake in VanEck Digital India ETF in the 3rd quarter valued at about $840,000. Finally, Jane Street Group LLC increased its position in VanEck Digital India ETF by 344.6% in the 1st quarter. Jane Street Group LLC now owns 21,711 shares of the company’s stock valued at $847,000 after buying an additional 16,828 shares in the last quarter.

VanEck Digital India ETF Stock Performance

DGIN stock opened at $33.33 on Monday. The stock has a 50-day moving average price of $32.94 and a 200-day moving average price of $37.58. VanEck Digital India ETF has a 1-year low of $30.20 and a 1-year high of $44.49. The firm has a market cap of $15.00 million, a PE ratio of 40.34 and a beta of 0.70.

About VanEck Digital India ETF

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.