Short Interest in VanEck Digital India ETF (NYSEARCA:DGIN) Grows By 25.0%

VanEck Digital India ETF (NYSEARCA:DGIN) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,500 shares, an increase of 25.0% from the May 15th total of 2,800 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Digital India ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Condor Capital Management lifted its holdings in shares of VanEck Digital India ETF by 4.0% in the fourth quarter. Condor Capital Management now owns 6,756 shares of the company’s stock valued at $300,000 after purchasing an additional 259 shares in the last quarter. Flagstar Advisors Inc. increased its position in VanEck Digital India ETF by 8.5% during the fourth quarter. Flagstar Advisors Inc. now owns 6,833 shares of the company’s stock worth $303,000 after purchasing an additional 535 shares during the last quarter. Assetmark Inc. increased its position in shares of VanEck Digital India ETF by 26.3% in the first quarter. Assetmark Inc. now owns 22,289 shares of the company’s stock worth $869,000 after acquiring an additional 4,642 shares in the last quarter. WealthBridge Capital Management LLC increased its position in shares of VanEck Digital India ETF by 52.7% in the fourth quarter. WealthBridge Capital Management LLC now owns 13,831 shares of the company’s stock worth $614,000 after acquiring an additional 4,771 shares in the last quarter. Finally, 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 acquiring an additional 16,828 shares in the last quarter.

VanEck Digital India ETF Trading Down 0.3%

Shares of DGIN opened at $42.69 on Friday. The firm has a market cap of $21.35 million, a P/E ratio of 31.98 and a beta of 0.65. VanEck Digital India ETF has a 12-month low of $35.10 and a 12-month high of $47.81. The company’s 50-day moving average price is $41.34 and its 200 day moving average price is $41.40.

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.