VanEck Digital India ETF (NYSEARCA:DGIN) Stock Price Up 0.1% – Should You Buy?

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price shot up 0.1% during trading on Friday . The stock traded as high as $42.36 and last traded at $42.36. 987 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,472 shares. The stock had previously closed at $42.33.

VanEck Digital India ETF Stock Up 0.1%

The firm has a market capitalization of $19.06 million, a price-to-earnings ratio of 40.34 and a beta of 0.63. The company’s 50 day moving average price is $41.63 and its 200 day moving average price is $42.07.

Institutional Investors Weigh In On VanEck Digital India ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC lifted its holdings in shares of VanEck Digital India ETF by 35.0% in the 1st quarter. OLD Mission Capital LLC now owns 131,551 shares of the company’s stock worth $5,129,000 after acquiring an additional 34,111 shares during the last quarter. Assetmark Inc. lifted its stake in VanEck Digital India ETF by 19.0% during the second quarter. Assetmark Inc. now owns 26,514 shares of the company’s stock worth $1,173,000 after purchasing an additional 4,225 shares in the last quarter. Flagstar Advisors Inc. lifted its stake in VanEck Digital India ETF by 2.9% during the second quarter. Flagstar Advisors Inc. now owns 8,963 shares of the company’s stock worth $396,000 after purchasing an additional 251 shares in the last quarter. Condor Capital Management boosted its holdings in VanEck Digital India ETF by 5.5% during the 1st quarter. Condor Capital Management now owns 7,129 shares of the company’s stock valued at $278,000 after acquiring an additional 373 shares during the period. Finally, Accurate Wealth Management LLC purchased a new stake in VanEck Digital India ETF during the second quarter worth about $343,000.

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.