VanEck Junior Gold Miners ETF Target of Unusually High Options Trading (NYSEARCA:GDXJ)

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GDXJ. Nations Financial Group Inc. IA ADV lifted its stake in VanEck Junior Gold Miners ETF by 2.6% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 15,641 shares of the exchange traded fund’s stock valued at $763,000 after purchasing an additional 400 shares during the last quarter. 180 Wealth Advisors LLC grew its position in shares of VanEck Junior Gold Miners ETF by 5.5% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,744 shares of the exchange traded fund’s stock valued at $326,000 after buying an additional 405 shares during the last quarter. FMR LLC increased its stake in shares of VanEck Junior Gold Miners ETF by 101.3% in the third quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 631 shares during the period. Ridgewood Investments LLC bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter worth about $29,000. Finally, Verus Capital Partners LLC lifted its stake in shares of VanEck Junior Gold Miners ETF by 15.6% in the third quarter. Verus Capital Partners LLC now owns 5,550 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 750 shares during the period.

VanEck Junior Gold Miners ETF Price Performance

Shares of GDXJ opened at $45.13 on Thursday. The company’s 50-day moving average is $49.47 and its 200-day moving average is $46.11. The firm has a market capitalization of $5.30 billion, a PE ratio of 24.80 and a beta of 1.03. VanEck Junior Gold Miners ETF has a fifty-two week low of $30.89 and a fifty-two week high of $55.58.

About VanEck Junior Gold Miners ETF

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.