VanEck Digital India ETF (NYSEARCA:DGIN) Shares Up 0.6% – Should You Buy?

VanEck Digital India ETF (NYSEARCA:DGIN) shares traded up 0.6% during trading on Tuesday . The stock traded as high as $35.24 and last traded at $35.24. Approximately 636 shares changed hands during trading, a decline of 90% from the average daily volume of 6,260 shares. The stock had previously closed at $35.04.

VanEck Digital India ETF Trading Up 0.3%

The stock has a 50-day moving average price of $34.25 and a two-hundred day moving average price of $35.81. The stock has a market cap of $15.31 million, a price-to-earnings ratio of 40.34 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Condor Capital Management increased its holdings in shares of VanEck Digital India ETF by 5.0% in the fourth 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. Citadel Advisors LLC acquired a new position in shares of VanEck Digital India ETF during the 3rd quarter worth approximately $840,000. Osaic Holdings Inc. lifted its holdings in VanEck Digital India ETF by 887.2% during the second 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. Finally, Jane Street Group LLC increased 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 worth $847,000 after buying an additional 16,828 shares in 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.