VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Down – Here’s Why

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) shares gapped down before the market opened on Thursday . The stock had previously closed at $125.25, but opened at $116.13. VanEck Junior Gold Miners ETF shares last traded at $119.70, with a volume of 730,433 shares traded.

VanEck Junior Gold Miners ETF Price Performance

The stock’s 50-day moving average price is $132.16 and its 200-day moving average price is $114.89. The company has a market cap of $10.23 billion, a P/E ratio of 24.09 and a beta of 0.74.

Institutional Trading of VanEck Junior Gold Miners ETF

Institutional investors have recently bought and sold shares of the business. Total Investment Management Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter valued at approximately $28,000. Colonial Trust Advisors acquired a new stake in VanEck Junior Gold Miners ETF during the fourth quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new stake in VanEck Junior Gold Miners ETF during the fourth quarter worth approximately $28,000. Finally, TD Waterhouse Canada Inc. increased its stake in VanEck Junior Gold Miners ETF by 98.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 321 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 159 shares during the period.

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.