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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the recipient of unusually large options trading on Friday. Traders acquired 267,100 call options on the stock. This represents an increase of 1,579% compared to the typical volume of 15,912 call options.

VanEck Junior Gold Miners ETF Stock Up 3.0%

Shares of GDXJ stock opened at $117.63 on Friday. VanEck Junior Gold Miners ETF has a 12 month low of $41.85 and a 12 month high of $118.87. The company has a market cap of $10.04 billion, a PE ratio of 24.09 and a beta of 0.74. The business’s 50 day moving average is $101.82 and its two-hundred day moving average is $85.80.

Institutional Trading of VanEck Junior Gold Miners ETF

Several hedge funds have recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its position in shares of VanEck Junior Gold Miners ETF by 98.1% during the third quarter. TD Waterhouse Canada Inc. now owns 321 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 159 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in VanEck Junior Gold Miners ETF in the third quarter valued at about $33,000. Root Financial Partners LLC acquired a new stake in VanEck Junior Gold Miners ETF in the third quarter worth about $34,000. Total Investment Management Inc. bought a new stake in VanEck Junior Gold Miners ETF during the 2nd quarter worth about $27,000. Finally, Farther Finance Advisors LLC raised its holdings in VanEck Junior Gold Miners ETF by 58.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 474 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 175 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.