VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 3.2% – What’s Next?

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price traded down 3.2% during mid-day trading on Thursday . The stock traded as low as $37.05 and last traded at $37.05. 14,374 shares traded hands during trading, an increase of 117% from the average session volume of 6,620 shares. The stock had previously closed at $38.27.

VanEck Digital India ETF Price Performance

The company has a market cap of $16.57 million, a PE ratio of 40.34 and a beta of 0.63. The firm has a 50-day simple moving average of $40.18 and a two-hundred day simple moving average of $41.08.

Institutional Investors Weigh In On VanEck Digital India ETF

Several hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its position 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 buying an additional 3,176 shares during the last quarter. Archford Capital Strategies LLC grew its stake in 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 worth $230,000 after acquiring an additional 895 shares during the period. Condor Capital Management raised 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 acquiring an additional 378 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of VanEck Digital India ETF during the 3rd quarter worth $840,000. Finally, Jane Street Group LLC boosted its holdings in shares of 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 purchasing an additional 16,828 shares during 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.