VanEck Digital India ETF (NYSEARCA:DGIN) Shares Down 0.2% – Should You Sell?

VanEck Digital India ETF (NYSEARCA:DGIN)’s stock price dropped 0.2% on Wednesday . The company traded as low as $44.65 and last traded at $44.84. Approximately 5,712 shares changed hands during mid-day 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 company has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $43.56. The firm has a market cap of $27.99 million, a PE ratio of 34.20 and a beta of 0.69.

Hedge Funds Weigh In On VanEck Digital India ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC bought a new stake in VanEck Digital India ETF in the third quarter worth $225,000. Condor Capital Management increased its holdings in shares of VanEck Digital India ETF by 6.5% in the second quarter. Condor Capital Management now owns 6,298 shares of the company’s stock worth $256,000 after buying an additional 386 shares during the period. Finally, WealthBridge Capital Management LLC bought a new stake in shares of VanEck Digital India ETF in the 3rd quarter valued at about $406,000.

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.