Traders Buy High Volume of Call Options on VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) saw some unusual options trading on Wednesday. Traders purchased 12,502 call options on the company. This represents an increase of approximately 50% compared to the typical volume of 8,311 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GDXJ. Lingotto Investment Management LLP grew its stake in VanEck Junior Gold Miners ETF by 0.8% in the 4th quarter. Lingotto Investment Management LLP now owns 2,602,894 shares of the exchange traded fund’s stock worth $296,157,000 after acquiring an additional 20,157 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of VanEck Junior Gold Miners ETF during the first quarter valued at approximately $120,040,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of VanEck Junior Gold Miners ETF during the fourth quarter valued at approximately $56,890,000. Capitolis Liquid Global Markets LLC purchased a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter valued at approximately $55,297,000. Finally, Bank of America Corp DE grew its stake in VanEck Junior Gold Miners ETF by 3.8% in the first quarter. Bank of America Corp DE now owns 242,660 shares of the exchange traded fund’s stock worth $29,129,000 after purchasing an additional 8,903 shares in the last quarter.

VanEck Junior Gold Miners ETF Stock Performance

GDXJ stock traded up $0.18 during midday trading on Wednesday, reaching $120.49. The company’s stock had a trading volume of 1,484,246 shares, compared to its average volume of 5,646,743. VanEck Junior Gold Miners ETF has a 1 year low of $85.60 and a 1 year high of $157.49. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 24.09 and a beta of 0.90. The stock has a fifty day simple moving average of $113.45 and a two-hundred day simple moving average of $116.41.

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.