VanEck Digital India ETF (NYSEARCA:DGIN) Shares Down 1.3% – Time to Sell?

VanEck Digital India ETF (NYSEARCA:DGIN – Get Free Report)’s stock price was down 1.3% on Thursday. The company traded as low as $34.06 and last traded at $34.08. Approximately 1,676 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 4,778 shares. The stock had previously closed at $34.52.

VanEck Digital India ETF Price Performance

The stock has a market capitalization of $10.94 million, a price-to-earnings ratio of 40.34 and a beta of 0.70. The firm has a 50 day simple moving average of $36.69 and a 200-day simple moving average of $34.90.

Institutional Investors Weigh In On VanEck Digital India ETF

A number of hedge funds have recently made changes to their positions in DGIN. Allworth Financial LP bought a new stake in VanEck Digital India ETF during the second quarter worth about $45,000. Compass Financial Management LLC bought a new position in shares of VanEck Digital India ETF in the second quarter valued at approximately $64,000. IFP Advisors Inc acquired a new position in shares of VanEck Digital India ETF in the 2nd quarter worth approximately $213,000. Kinetic Wealth Investment Advisors LLC acquired a new position in shares of VanEck Digital India ETF in the 2nd quarter worth approximately $245,000. Finally, Archford Capital Strategies LLC grew its position in VanEck Digital India ETF by 7.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,984 shares of the company’s stock worth $246,000 after acquiring an additional 509 shares during the last quarter.

About VanEck Digital India ETF

(Get Free Report)

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.

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