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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the recipient of some unusual options trading on Tuesday. Traders bought 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 Price Performance

GDXJ stock traded down $0.89 during trading on Tuesday, hitting $45.98. The stock had a trading volume of 8,975,024 shares, compared to its average volume of 5,832,079. VanEck Junior Gold Miners ETF has a twelve month low of $30.89 and a twelve month high of $55.58. The stock has a market capitalization of $5.40 billion, a P/E ratio of 24.80 and a beta of 1.03. The company’s 50-day moving average price is $49.39 and its two-hundred day moving average price is $46.09.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in VanEck Junior Gold Miners ETF in the 1st quarter worth approximately $313,000. Monaco Asset Management SAM lifted its stake in VanEck Junior Gold Miners ETF by 3.5% in the 1st quarter. Monaco Asset Management SAM now owns 224,500 shares of the exchange traded fund’s stock worth $8,697,000 after purchasing an additional 7,500 shares in the last quarter. Nwam LLC raised its position in shares of VanEck Junior Gold Miners ETF by 183.2% during the 1st quarter. Nwam LLC now owns 74,970 shares of the exchange traded fund’s stock valued at $3,144,000 after buying an additional 48,500 shares during the period. Tocqueville Asset Management L.P. raised its position in VanEck Junior Gold Miners ETF by 15.4% in the first quarter. Tocqueville Asset Management L.P. now owns 7,498 shares of the exchange traded fund’s stock valued at $290,000 after purchasing an additional 1,000 shares during the period. Finally, Natixis grew its stake in shares of VanEck Junior Gold Miners ETF by 31.5% during the first quarter. Natixis now owns 4,844 shares of the exchange traded fund’s stock worth $188,000 after purchasing an additional 1,159 shares in the last quarter.

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.