Stock Traders Buy High Volume of Call Options on VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) saw some unusual options trading on Friday. Stock investors bought 27,490 call options on the company. This is an increase of 58% compared to the average volume of 17,364 call options.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in VanEck Junior Gold Miners ETF by 38.8% during the 4th quarter. Wells Fargo & Company MN now owns 834,136 shares of the exchange traded fund’s stock worth $31,622,000 after acquiring an additional 233,244 shares during the period. DAVENPORT & Co LLC acquired a new stake in VanEck Junior Gold Miners ETF during the 4th quarter worth about $210,000. Trust Co. of Vermont acquired a new stake in VanEck Junior Gold Miners ETF during the 3rd quarter worth about $32,000. Stratos Wealth Partners LTD. acquired a new stake in VanEck Junior Gold Miners ETF during the 4th quarter worth about $256,000. Finally, Fielder Capital Group LLC acquired a new stake in VanEck Junior Gold Miners ETF during the 4th quarter worth about $5,132,000.

VanEck Junior Gold Miners ETF Trading Up 1.1 %

GDXJ stock traded up $0.46 during trading hours on Friday, hitting $41.85. 3,366,949 shares of the stock traded hands, compared to its average volume of 6,864,830. The stock has a 50-day simple moving average of $42.98 and a 200 day simple moving average of $38.26. VanEck Junior Gold Miners ETF has a one year low of $30.46 and a one year high of $47.25. The company has a market cap of $4.92 billion, a P/E ratio of 24.80 and a beta of 1.03.

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.