VanEck Digital India ETF (NYSEARCA:DGIN) Trading Down 1.6% – Should You Sell?

Posted by Joseph Casey on Feb 20th, 2025

Shares of VanEck Digital India ETF (NYSEARCA:DGIN – Get Free Report) were down 1.6% during mid-day trading on Monday . The stock traded as low as $40.48 and last traded at $40.48. Approximately 2,844 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 7,058 shares. The stock had previously closed at $41.14.

VanEck Digital India ETF Stock Performance

The company has a 50 day moving average of $43.05 and a 200-day moving average of $43.86. The stock has a market cap of $25.34 million, a price-to-earnings ratio of 34.20 and a beta of 0.69.

Institutional Investors Weigh In On VanEck Digital India ETF

Several institutional investors have recently added to or reduced their stakes in DGIN. Condor Capital Management boosted its stake in shares of VanEck Digital India ETF by 4.0% in the fourth quarter. Condor Capital Management now owns 6,756 shares of the company’s stock valued at $300,000 after buying an additional 259 shares in the last quarter. Flagstar Advisors Inc. lifted its position in shares of VanEck Digital India ETF by 8.5% during the fourth quarter. Flagstar Advisors Inc. now owns 6,833 shares of the company’s stock worth $303,000 after purchasing an additional 535 shares during the last quarter. WealthBridge Capital Management LLC grew its stake in VanEck Digital India ETF by 52.7% during the 4th quarter. WealthBridge Capital Management LLC now owns 13,831 shares of the company’s stock worth $614,000 after buying an additional 4,771 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in VanEck Digital India ETF during the third quarter worth approximately $225,000. Finally, Archford Capital Strategies LLC acquired a new stake in VanEck Digital India ETF during the 4th quarter worth about $267,000.

VanEck Digital India ETF Company Profile

(Get Free Report)

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.