VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 0.1% – Time to Sell?

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price dropped 0.1% during trading on Tuesday . The stock traded as low as $42.07 and last traded at $42.27. Approximately 2,363 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 4,381 shares. The stock had previously closed at $42.30.

VanEck Digital India ETF Stock Performance

The stock has a market capitalization of $18.80 million, a PE ratio of 40.34 and a beta of 0.63. The firm has a 50 day moving average of $42.05 and a 200-day moving average of $42.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in VanEck Digital India ETF by 887.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock worth $156,000 after buying an additional 3,176 shares in the last quarter. Archford Capital Strategies LLC increased its stake in shares of VanEck Digital India ETF by 18.4% in the third quarter. Archford Capital Strategies LLC now owns 5,752 shares of the company’s stock worth $230,000 after acquiring an additional 895 shares during the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of VanEck Digital India ETF during the second quarter worth $343,000. Flagstar Advisors Inc. boosted its position in VanEck Digital India ETF by 2.9% during the second quarter. Flagstar Advisors Inc. now owns 8,963 shares of the company’s stock valued at $396,000 after purchasing an additional 251 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in VanEck Digital India ETF in the third quarter valued at about $840,000.

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.