VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Trading 5.8% Higher – Time to Buy?

Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) were up 5.8% during mid-day trading on Friday . The stock traded as high as $112.13 and last traded at $112.07. Approximately 2,062,848 shares changed hands during trading, a decline of 68% from the average daily volume of 6,459,410 shares. The stock had previously closed at $105.92.

VanEck Junior Gold Miners ETF Stock Performance

The stock has a market capitalization of $9.19 billion, a P/E ratio of 24.09 and a beta of 0.74. The business has a 50-day moving average price of $133.02 and a 200 day moving average price of $114.27.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GDXJ. Bank of Montreal Can boosted its holdings in VanEck Junior Gold Miners ETF by 124.9% in the third quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock worth $383,294,000 after acquiring an additional 2,149,559 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of VanEck Junior Gold Miners ETF by 1,289.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 866,186 shares of the exchange traded fund’s stock worth $58,546,000 after purchasing an additional 803,854 shares during the last quarter. Nearwater Capital Markets Ltd raised its position in shares of VanEck Junior Gold Miners ETF by 90.7% in the 4th quarter. Nearwater Capital Markets Ltd now owns 1,640,000 shares of the exchange traded fund’s stock worth $186,599,000 after purchasing an additional 780,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth about $56,890,000. Finally, Capitolis Liquid Global Markets LLC bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth about $55,297,000.

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.