VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 1.8% – What’s Next?

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price dropped 1.8% on Wednesday . The company traded as low as $34.96 and last traded at $34.96. 1,730 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 5,790 shares. The stock had previously closed at $35.61.

VanEck Digital India ETF Trading Up 1.0%

The firm has a fifty day simple moving average of $34.78 and a 200-day simple moving average of $35.13. The stock has a market cap of $14.90 million, a price-to-earnings ratio of 40.34 and a beta of 0.69.

Hedge Funds Weigh In On VanEck Digital India ETF

Large investors have recently made changes to their positions in the company. Jane Street Group LLC increased its position 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 worth $847,000 after purchasing an additional 16,828 shares during the period. Citadel Advisors LLC acquired a new position in VanEck Digital India ETF during the 3rd quarter valued at about $840,000. Condor Capital Management lifted its position 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 period. Finally, Osaic Holdings Inc. boosted its stake 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 during the last quarter.

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.