VanEck Digital India ETF (NYSEARCA:DGIN) Shares Up 0.4% – Here’s Why

VanEck Digital India ETF (NYSEARCA:DGINGet Free Report)’s share price traded up 0.4% during mid-day trading on Thursday . The company traded as high as $37.73 and last traded at $37.73. Approximately 6,002 shares were traded during mid-day trading, an increase of 18% from the average session volume of 5,065 shares. The stock had previously closed at $37.58.

VanEck Digital India ETF Stock Up 0.4%

The stock has a market cap of $16.22 million, a price-to-earnings ratio of 40.34 and a beta of 0.69. The company has a 50 day simple moving average of $36.40 and a 200 day simple moving average of $34.66.

Hedge Funds Weigh In On VanEck Digital India ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DGIN. Brown Financial Advisors acquired a new stake in VanEck Digital India ETF in the second quarter valued at approximately $1,902,000. Citadel Advisors LLC grew its position in VanEck Digital India ETF by 100.4% during the 2nd quarter. Citadel Advisors LLC now owns 32,988 shares of the company’s stock worth $1,290,000 after acquiring an additional 16,528 shares during the last quarter. Jane Street Group LLC grew its position 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 acquiring an additional 16,828 shares during the last quarter. Tucker Asset Management LLC grew its position in VanEck Digital India ETF by 136.3% during the 2nd quarter. Tucker Asset Management LLC now owns 15,653 shares of the company’s stock worth $552,000 after acquiring an additional 9,030 shares during the last quarter. Finally, Copley Financial Group Inc. acquired a new position in VanEck Digital India ETF in the 2nd quarter worth about $309,000.

About VanEck Digital India ETF

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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.

Further Reading

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