VanEck Digital India ETF (NYSEARCA:DGIN) Trading 0.6% Higher – Still a Buy?

VanEck Digital India ETF (NYSEARCA:DGIN) shot up 0.6% during trading on Thursday . The stock traded as high as $37.42 and last traded at $37.38. 2,233 shares were traded during trading, a decline of 58% from the average session volume of 5,322 shares. The stock had previously closed at $37.17.

VanEck Digital India ETF Stock Up 0.6%

The stock has a market capitalization of $16.07 million, a price-to-earnings ratio of 40.34 and a beta of 0.69. The company has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $34.76.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its holdings in shares of 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 acquiring an additional 3,176 shares in the last quarter. Condor Capital Management lifted its holdings in VanEck Digital India ETF by 5.0% during the fourth quarter. Condor Capital Management now owns 7,918 shares of the company’s stock worth $324,000 after acquiring an additional 378 shares during the period. Citadel Advisors LLC bought a new stake in VanEck Digital India ETF during the third quarter worth $840,000. Finally, Jane Street Group LLC lifted its holdings in VanEck Digital India ETF by 344.6% during 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 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.