VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 0.8% – Time to Sell?

VanEck Digital India ETF (NYSEARCA:DGIN) fell 0.8% on Monday . The company traded as low as $34.21 and last traded at $34.45. 9,416 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 8,107 shares. The stock had previously closed at $34.74.

VanEck Digital India ETF Price Performance

The firm has a market capitalization of $15.50 million, a P/E ratio of 40.34 and a beta of 0.69. The company has a fifty day moving average of $33.63 and a 200 day moving average of $38.50.

Hedge Funds Weigh In On VanEck Digital India ETF

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings 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 valued at $847,000 after acquiring an additional 16,828 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of VanEck Digital India ETF by 887.2% during the 2nd 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 shares of VanEck Digital India ETF by 18.4% during 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. Citadel Advisors LLC purchased a new position in VanEck Digital India ETF in the 3rd quarter valued at approximately $840,000. Finally, Condor Capital Management boosted its stake 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 worth $324,000 after purchasing an additional 378 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.