VanEck Digital India ETF (NYSEARCA:DGIN) Stock Price Up 0.6% – Here’s Why

VanEck Digital India ETF (NYSEARCA:DGIN) was up 0.6% 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 0.6%

The company has a market cap of $15.86 million, a price-to-earnings ratio of 40.34 and a beta of 0.70. The stock’s 50 day moving average price is $34.23 and its 200 day moving average price is $35.85.

Hedge Funds Weigh In On VanEck Digital India ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its holdings in shares of 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 purchasing an additional 16,828 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 buying an additional 3,176 shares during the period. Citadel Advisors LLC acquired a new stake in shares of VanEck Digital India ETF during the 3rd quarter worth $840,000. Finally, Condor Capital Management increased its holdings in shares of VanEck Digital India ETF by 5.0% during 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.

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.