VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 3.2% – What’s Next?

VanEck Digital India ETF (NYSEARCA:DGIN) shares fell 3.2% during trading on Thursday . The company traded as low as $37.05 and last traded at $37.05. 14,374 shares traded hands during trading, an increase of 117% from the average session volume of 6,620 shares. The stock had previously closed at $38.27.

VanEck Digital India ETF Trading Down 3.2%

The company has a market capitalization of $16.67 million, a price-to-earnings ratio of 40.34 and a beta of 0.63. The company’s 50 day simple moving average is $40.29 and its 200-day simple moving average is $41.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of VanEck Digital India ETF by 887.2% in 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 during the period. Archford Capital Strategies LLC lifted its position in VanEck Digital India ETF by 18.4% during the third quarter. Archford Capital Strategies LLC now owns 5,752 shares of the company’s stock worth $230,000 after buying an additional 895 shares during the period. 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 buying an additional 378 shares during the last quarter. Citadel Advisors LLC acquired a new stake in VanEck Digital India ETF in the 3rd quarter worth about $840,000. Finally, Jane Street Group LLC grew its holdings in VanEck Digital India ETF by 344.6% in the 1st quarter. Jane Street Group LLC now owns 21,711 shares of the company’s stock valued at $847,000 after buying an additional 16,828 shares during the period.

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.