VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 0.1% – Here’s What Happened

Shares of VanEck Digital India ETF (NYSEARCA:DGIN) traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $38.71 and last traded at $38.88. 7,913 shares changed hands during trading, an increase of 104% from the average session volume of 3,878 shares. The stock had previously closed at $38.92.

VanEck Digital India ETF Stock Performance

The stock has a market cap of $17.50 million, a PE ratio of 40.34 and a beta of 0.63. The stock has a fifty day moving average price of $41.48 and a 200 day moving average price of $41.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DGIN. Citadel Advisors LLC purchased a new stake in shares of VanEck Digital India ETF in the third quarter valued at $840,000. Jane Street Group LLC grew its holdings 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. Accurate Wealth Management LLC purchased a new stake in VanEck Digital India ETF in the 2nd quarter worth about $343,000. Assetmark Inc. raised its position in VanEck Digital India ETF by 19.0% in the 2nd quarter. Assetmark Inc. now owns 26,514 shares of the company’s stock worth $1,173,000 after purchasing an additional 4,225 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in VanEck Digital India ETF by 887.2% in the second quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock worth $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.