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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the target of unusually large options trading on Tuesday. Traders purchased 37,354 call options on the company. This represents an increase of 120% compared to the average daily volume of 16,985 call options.

Institutional Trading of VanEck Junior Gold Miners ETF

A number of hedge funds have recently made changes to their positions in GDXJ. Jane Street Group LLC lifted its holdings in VanEck Junior Gold Miners ETF by 108.0% during the 1st quarter. Jane Street Group LLC now owns 2,629,000 shares of the exchange traded fund’s stock worth $101,847,000 after purchasing an additional 1,365,157 shares during the last quarter. Alaska Permanent Fund Corp lifted its holdings in VanEck Junior Gold Miners ETF by 17.7% during the 1st quarter. Alaska Permanent Fund Corp now owns 8,167,154 shares of the exchange traded fund’s stock worth $316,396,000 after purchasing an additional 1,230,234 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in VanEck Junior Gold Miners ETF by 98.7% during the 1st quarter. BNP Paribas Financial Markets now owns 1,450,252 shares of the exchange traded fund’s stock worth $56,183,000 after purchasing an additional 720,329 shares during the last quarter. Cetera Investment Advisers lifted its holdings in VanEck Junior Gold Miners ETF by 3,409.5% during the 1st quarter. Cetera Investment Advisers now owns 721,311 shares of the exchange traded fund’s stock worth $27,944,000 after purchasing an additional 700,758 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in VanEck Junior Gold Miners ETF during the 4th quarter worth approximately $19,101,000.

VanEck Junior Gold Miners ETF Price Performance

GDXJ stock traded up $1.76 during mid-day trading on Tuesday, reaching $49.09. The company had a trading volume of 6,183,224 shares, compared to its average volume of 6,444,158. The stock has a 50 day simple moving average of $43.88 and a two-hundred day simple moving average of $39.17. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 24.80 and a beta of 1.03. VanEck Junior Gold Miners ETF has a 52 week low of $30.46 and a 52 week high of $49.11.

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.