VanEck Digital India ETF (NYSEARCA:DGIN) Stock Price Down 0.2% – What’s Next?

VanEck Digital India ETF (NYSEARCA:DGIN) shares dropped 0.2% during trading on Wednesday . The company 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 Price Performance

The stock has a fifty day moving average of $44.46 and a 200 day moving average of $43.56. The firm has a market capitalization of $27.99 million, a P/E ratio of 34.20 and a beta of 0.69.

Hedge Funds Weigh In On VanEck Digital India ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DGIN. WealthBridge Capital Management LLC purchased a new stake in VanEck Digital India ETF in the third quarter worth $406,000. Concurrent Investment Advisors LLC purchased a new position in shares of VanEck Digital India ETF during the 3rd quarter valued at $225,000. Finally, Condor Capital Management grew its stake in shares of VanEck Digital India ETF by 6.5% during the 2nd quarter. Condor Capital Management now owns 6,298 shares of the company’s stock worth $256,000 after acquiring an additional 386 shares during the period.

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.