VanEck Digital India ETF (NYSEARCA:DGIN) Short Interest Up 46.8% in February

VanEck Digital India ETF (NYSEARCA:DGIN) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 17,747 shares, a growth of 46.8% from the February 12th total of 12,086 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 19,516 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 19,516 shares, the days-to-cover ratio is currently 0.9 days. Approximately 3.9% of the shares of the company are sold short.

VanEck Digital India ETF Stock Performance

Shares of DGIN stock opened at $32.16 on Friday. VanEck Digital India ETF has a 52 week low of $32.16 and a 52 week high of $44.49. The company has a market capitalization of $14.47 million, a price-to-earnings ratio of 40.34 and a beta of 0.63. The company has a 50-day simple moving average of $37.33 and a 200 day simple moving average of $40.15.

Hedge Funds Weigh In On VanEck Digital India ETF

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

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.