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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the recipient of some unusual options trading on Thursday. Stock traders acquired 26,636 call options on the company. This is an increase of approximately 121% compared to the average daily volume of 12,066 call options.

VanEck Junior Gold Miners ETF Stock Performance

NYSEARCA:GDXJ opened at $99.74 on Friday. The firm has a market cap of $8.50 billion, a PE ratio of 24.09 and a beta of 1.06. VanEck Junior Gold Miners ETF has a fifty-two week low of $41.85 and a fifty-two week high of $101.36. The business has a 50 day moving average price of $81.47 and a 200-day moving average price of $69.63.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pureheart Capital Pte Ltd. raised its holdings in shares of VanEck Junior Gold Miners ETF by 1.8% during the second quarter. Pureheart Capital Pte Ltd. now owns 339,000 shares of the exchange traded fund’s stock valued at $22,913,000 after acquiring an additional 6,000 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of VanEck Junior Gold Miners ETF by 3.0% during the second quarter. Osaic Holdings Inc. now owns 26,698 shares of the exchange traded fund’s stock valued at $1,805,000 after acquiring an additional 772 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter valued at approximately $325,000. Finally, Marex Group plc bought a new position in shares of VanEck Junior Gold Miners ETF during the second quarter valued at approximately $1,588,000.

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.