VanEck Digital India ETF (NYSEARCA:DGIN) Stock Price Down 0.1% – What’s Next?

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price traded down 0.1% during mid-day trading on Tuesday . The company traded as low as $42.07 and last traded at $42.27. 2,363 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 4,381 shares. The stock had previously closed at $42.30.

VanEck Digital India ETF Trading Down 0.1%

The firm has a market capitalization of $19.02 million, a P/E ratio of 40.34 and a beta of 0.63. The business’s 50 day simple moving average is $42.05 and its two-hundred day simple moving average is $42.06.

Institutional Investors Weigh In On VanEck Digital India ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in VanEck Digital India ETF in the 3rd quarter valued at approximately $840,000. Archford Capital Strategies LLC boosted its position in shares of VanEck Digital India ETF by 18.4% during the third 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 during the last quarter. 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 worth $156,000 after buying an additional 3,176 shares in the last quarter. Assetmark Inc. lifted its stake in VanEck Digital India ETF by 19.0% during the 2nd quarter. Assetmark Inc. now owns 26,514 shares of the company’s stock valued at $1,173,000 after acquiring an additional 4,225 shares during the period. Finally, Accurate Wealth Management LLC purchased a new stake in shares of VanEck Digital India ETF during the 2nd quarter valued at 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.