VanEck Digital India ETF (NYSEARCA:DGIN) Stock Falls 2.7% – Here’s What Happened

VanEck Digital India ETF (NYSEARCA:DGIN)’s share price dropped 2.7% during trading on Friday. The stock traded as low as $33.62 and last traded at $33.69. 878 shares were traded during trading, a decline of 81% from the average session volume of 4,508 shares. The stock had previously closed at $34.62.

VanEck Digital India ETF Price Performance

The business’s 50-day moving average price is $36.13 and its 200 day moving average price is $35.24. The firm has a market capitalization of $10.78 million, a price-to-earnings ratio of 40.34 and a beta of 0.70.

Institutional Trading of VanEck Digital India ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC raised its position in shares of VanEck Digital India ETF by 7.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,984 shares of the company’s stock valued at $246,000 after acquiring an additional 509 shares in the last quarter. Capital Analysts LLC bought a new stake in shares of VanEck Digital India ETF during the 2nd quarter valued at about $377,000. NewEdge Advisors LLC bought a new position in shares of VanEck Digital India ETF during the second quarter valued at approximately $301,000. IFP Advisors Inc bought a new stake in shares of VanEck Digital India ETF in the 2nd quarter worth approximately $213,000. Finally, Allworth Financial LP acquired a new stake in VanEck Digital India ETF in the second quarter worth $45,000.

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.