VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 0.7% – Should You Sell?

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price was down 0.7% during trading on Monday . The company traded as low as $33.42 and last traded at $33.42. Approximately 133 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 6,521 shares. The stock had previously closed at $33.65.

VanEck Digital India ETF Trading Down 1.3%

The firm has a market capitalization of $14.94 million, a P/E ratio of 40.34 and a beta of 0.70. The business has a 50-day moving average of $33.54 and a 200 day moving average of $36.55.

Institutional Trading of VanEck Digital India ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in VanEck Digital India ETF during the 3rd quarter valued at about $840,000. Jane Street Group LLC boosted its stake in VanEck Digital India ETF by 344.6% during the 1st quarter. Jane Street Group LLC now owns 21,711 shares of the company’s stock valued at $847,000 after purchasing an additional 16,828 shares during the last quarter. Osaic Holdings Inc. boosted its stake in 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 purchasing an additional 3,176 shares during the last quarter. Finally, Condor Capital Management boosted its stake in VanEck Digital India ETF by 5.0% during 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.

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.