VanEck Junior Gold Miners ETF Sees Unusually Large Options Volume (NYSEARCA:GDXJ)

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 52,418 call options on the company. This represents an increase of 248% compared to the typical daily volume of 15,051 call options.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ stock traded down $0.89 during mid-day trading on Tuesday, hitting $45.98. The company’s stock had a trading volume of 8,975,024 shares, compared to its average volume of 5,832,079. The business has a 50-day moving average price of $49.39 and a 200 day moving average price of $46.09. VanEck Junior Gold Miners ETF has a 52-week low of $30.89 and a 52-week high of $55.58. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 24.80 and a beta of 1.03.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds have recently made changes to their positions in the company. Boston Partners bought a new stake in VanEck Junior Gold Miners ETF during the 1st quarter valued at $261,000. Comerica Bank lifted its holdings in shares of VanEck Junior Gold Miners ETF by 8.3% during the 1st quarter. Comerica Bank now owns 12,307 shares of the exchange traded fund’s stock valued at $477,000 after purchasing an additional 938 shares during the last quarter. MONECO Advisors LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF during the 2nd quarter valued at $299,000. Bank of Montreal Can lifted its holdings in shares of VanEck Junior Gold Miners ETF by 48.3% during the 2nd quarter. Bank of Montreal Can now owns 4,524,511 shares of the exchange traded fund’s stock valued at $190,934,000 after purchasing an additional 1,473,480 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 103.1% during the 3rd quarter. Signaturefd LLC now owns 2,774 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 1,408 shares during the last quarter.

VanEck Junior Gold Miners ETF Company Profile

Market Vectors Junior Gold Miners ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the Company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver.