VanEck Digital India ETF (NYSEARCA:DGIN) Trading Up 0.4% – Should You Buy?

Shares of VanEck Digital India ETF (NYSEARCA:DGIN) rose 0.4% during trading on Thursday . The company traded as high as $37.73 and last traded at $37.73. 6,002 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 5,065 shares. The stock had previously closed at $37.58.

VanEck Digital India ETF Price Performance

The firm has a market cap of $16.22 million, a P/E ratio of 40.34 and a beta of 0.69. The company’s 50-day moving average is $36.40 and its two-hundred day moving average is $34.66.

Institutional Trading of VanEck Digital India ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its stake in 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 during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of VanEck Digital India ETF by 887.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock valued at $156,000 after purchasing an additional 3,176 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of VanEck Digital India ETF in the 3rd quarter valued at $840,000. Condor Capital Management increased its stake in shares of 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 purchasing an additional 378 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new position in shares of VanEck Digital India ETF in the 2nd quarter valued at $309,000.

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.