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

VanEck Digital India ETF (NYSEARCA:DGIN) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 13,614 shares, a decline of 23.3% from the February 26th total of 17,747 shares. Based on an average daily volume of 12,231 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.0% of the company’s shares are sold short.

Institutional Trading of VanEck Digital India ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of 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 worth $847,000 after buying an additional 16,828 shares during the period. Osaic Holdings Inc. grew its position in VanEck Digital India ETF by 887.2% during the second quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock valued at $156,000 after acquiring an additional 3,176 shares during the period. Archford Capital Strategies LLC increased its stake in VanEck Digital India ETF by 18.4% during the third quarter. Archford Capital Strategies LLC now owns 5,752 shares of the company’s stock worth $230,000 after acquiring an additional 895 shares during the last quarter. Citadel Advisors LLC acquired a new stake in VanEck Digital India ETF during the third quarter worth about $840,000. Finally, Condor Capital Management raised its holdings in shares of 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 during the period.

VanEck Digital India ETF Price Performance

DGIN stock traded up $0.35 on Tuesday, hitting $30.67. 970 shares of the company were exchanged, compared to its average volume of 8,868. The stock has a market capitalization of $13.80 million, a price-to-earnings ratio of 40.34 and a beta of 0.63. VanEck Digital India ETF has a twelve month low of $30.20 and a twelve month high of $44.49. The business’s fifty day moving average is $35.40 and its two-hundred day moving average is $39.39.

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.