VanEck Digital India ETF (NYSEARCA:DGIN) Short Interest Up 50.8% in February

VanEck Digital India ETF (NYSEARCA:DGIN) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 12,086 shares, an increase of 50.8% from the January 29th total of 8,014 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily volume of 10,614 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 10,614 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.7% of the shares of the company are short sold.

VanEck Digital India ETF Stock Down 2.5%

NYSEARCA DGIN opened at $34.77 on Friday. The business’s 50-day moving average price is $38.99 and its 200 day moving average price is $40.73. VanEck Digital India ETF has a 52-week low of $34.31 and a 52-week high of $44.49. The firm has a market cap of $15.65 million, a P/E ratio of 40.34 and a beta of 0.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DGIN. Osaic Holdings Inc. raised its stake in shares of VanEck Digital India ETF by 887.2% during 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. Archford Capital Strategies LLC increased its holdings in VanEck Digital India ETF by 18.4% in the third quarter. Archford Capital Strategies LLC now owns 5,752 shares of the company’s stock worth $230,000 after buying an additional 895 shares during the last quarter. Condor Capital Management raised its position in VanEck Digital India ETF by 5.0% during the fourth quarter. Condor Capital Management now owns 7,918 shares of the company’s stock valued at $324,000 after acquiring an additional 378 shares in the last quarter. Citadel Advisors LLC acquired a new stake in VanEck Digital India ETF in the third quarter valued at approximately $840,000. Finally, Jane Street Group LLC lifted its stake in VanEck Digital India ETF by 344.6% in the first 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 last quarter.

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.