VanEck Digital India ETF (NYSEARCA:DGIN – Get Free Report) saw a large decrease in short interest in the month of 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. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 3,931 shares, the days-to-cover ratio is presently 1.6 days.
VanEck Digital India ETF Stock Performance
DGIN stock traded down $0.35 during midday trading on Friday, reaching $33.33. 1,278 shares of the company’s stock traded hands, compared to its average volume of 6,969. The company has a 50-day moving average price of $32.94 and a two-hundred day moving average price of $37.61. VanEck Digital India ETF has a 52 week low of $30.20 and a 52 week high of $44.49. The firm has a market capitalization of $15.00 million, a PE ratio of 40.34 and a beta of 0.70.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in DGIN. Citadel Advisors LLC bought a new position in VanEck Digital India ETF in the 3rd quarter worth about $840,000. Jane Street Group LLC boosted its stake 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 worth $847,000 after purchasing an additional 16,828 shares during the period. Osaic Holdings Inc. boosted its stake 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 during the period. Finally, Condor Capital Management boosted its stake 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 during the period.
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.
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