VanEck Digital India ETF (NYSEARCA:DGIN) Shares Down 0.2% – Here’s What Happened

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price was down 0.2% during mid-day trading on Wednesday . The stock traded as low as $44.65 and last traded at $44.84. Approximately 5,712 shares traded hands during trading, a decline of 15% from the average daily volume of 6,690 shares. The stock had previously closed at $44.95.

VanEck Digital India ETF Trading Down 0.2 %

The business has a 50-day moving average of $44.46 and a 200 day moving average of $43.55. The firm has a market capitalization of $28.03 million, a PE ratio of 34.20 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new position in VanEck Digital India ETF in the 3rd quarter valued at $225,000. Condor Capital Management grew its position in VanEck Digital India ETF by 6.5% during the second quarter. Condor Capital Management now owns 6,298 shares of the company’s stock valued at $256,000 after buying an additional 386 shares during the period. Finally, WealthBridge Capital Management LLC bought a new position in VanEck Digital India ETF during the third quarter valued at about $406,000.

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.