VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Up – Time to Buy?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $50.50, but opened at $52.87. VanEck Junior Gold Miners ETF shares last traded at $53.07, with a volume of 1,790,471 shares changing hands.

VanEck Junior Gold Miners ETF Stock Performance

The business has a 50 day simple moving average of $52.47 and a 200-day simple moving average of $49.48. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 20.74 and a beta of 1.06.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Hedge funds have recently bought and sold shares of the company. IMC Chicago LLC grew its stake in VanEck Junior Gold Miners ETF by 102.6% during the 4th quarter. IMC Chicago LLC now owns 26,712 shares of the exchange traded fund’s stock worth $1,142,000 after purchasing an additional 1,062,702 shares in the last quarter. Panview Capital Ltd purchased a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at about $29,506,000. Rafferty Asset Management LLC boosted its stake in shares of VanEck Junior Gold Miners ETF by 28.8% in the 4th quarter. Rafferty Asset Management LLC now owns 2,968,980 shares of the exchange traded fund’s stock valued at $126,924,000 after buying an additional 663,924 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of VanEck Junior Gold Miners ETF during the fourth quarter worth about $19,743,000. Finally, Marshall Wace LLP increased its stake in shares of VanEck Junior Gold Miners ETF by 229.3% during the fourth quarter. Marshall Wace LLP now owns 166,696 shares of the exchange traded fund’s stock worth $7,126,000 after buying an additional 295,640 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.