VanEck Digital India ETF (NYSEARCA:DGIN) Shares Up 0.6% – Here’s Why

VanEck Digital India ETF (NYSEARCA:DGIN) rose 0.6% during trading on Thursday . The company traded as high as $37.42 and last traded at $37.38. Approximately 2,233 shares traded hands during trading, a decline of 58% from the average session volume of 5,322 shares. The stock had previously closed at $37.17.

VanEck Digital India ETF Price Performance

The firm has a market cap of $16.07 million, a PE ratio of 40.34 and a beta of 0.69. The business’s fifty day moving average is $35.55 and its 200-day moving average is $34.76.

Hedge Funds Weigh In On VanEck Digital India ETF

Several hedge funds have recently made changes to their positions in DGIN. Condor Capital Management increased its holdings in VanEck Digital India ETF by 5.0% during the 4th quarter. Condor Capital Management now owns 7,918 shares of the company’s stock worth $324,000 after acquiring an additional 378 shares during the period. Citadel Advisors LLC bought a new position in VanEck Digital India ETF in the third quarter valued at $840,000. Osaic Holdings Inc. raised its holdings in shares of VanEck Digital India ETF by 887.2% during the 2nd quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock valued at $156,000 after buying an additional 3,176 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of VanEck Digital India ETF by 344.6% during the first 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 in the last quarter.

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.