VanEck Digital India ETF (NYSEARCA:DGIN) Short Interest Down 49.7% in April

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

VanEck Digital India ETF Price Performance

DGIN traded down $0.35 during trading on Friday, reaching $33.33. The company had a trading volume of 1,278 shares, compared to its average volume of 6,969. VanEck Digital India ETF has a 12 month low of $30.20 and a 12 month high of $44.49. The business’s fifty day moving average price is $32.94 and its 200 day moving average price is $37.58. The company has a market cap of $15.00 million, a P/E ratio of 40.34 and a beta of 0.70.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Condor Capital Management lifted its stake in VanEck Digital India ETF by 5.0% in the fourth 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 position in VanEck Digital India ETF in the third quarter valued at approximately $840,000. Osaic Holdings Inc. lifted its stake in VanEck Digital India ETF by 887.2% in the second 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. 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 buying an additional 16,828 shares in 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.