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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the recipient of unusually large options trading activity on Friday. Traders bought 267,100 call options on the company. This is an increase of approximately 1,579% compared to the typical volume of 15,912 call options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Truist Financial Corp increased its stake in shares of VanEck Junior Gold Miners ETF by 1.4% in the third quarter. Truist Financial Corp now owns 8,543 shares of the exchange traded fund’s stock valued at $846,000 after buying an additional 116 shares during the period. Beck Mack & Oliver LLC boosted its holdings in VanEck Junior Gold Miners ETF by 2.7% in the third quarter. Beck Mack & Oliver LLC now owns 5,650 shares of the exchange traded fund’s stock valued at $560,000 after acquiring an additional 150 shares during the last quarter. TD Waterhouse Canada Inc. increased its position 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 valued at $32,000 after purchasing an additional 159 shares during the period. Farther Finance Advisors LLC raised its holdings in VanEck Junior Gold Miners ETF by 58.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 474 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of VanEck Junior Gold Miners ETF by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,827 shares of the exchange traded fund’s stock worth $399,000 after purchasing an additional 177 shares during the period.

VanEck Junior Gold Miners ETF Stock Performance

Shares of VanEck Junior Gold Miners ETF stock traded up $3.50 during midday trading on Friday, hitting $117.70. 5,104,758 shares of the company traded hands, compared to its average volume of 5,284,792. The firm’s fifty day moving average price is $101.46 and its 200-day moving average price is $85.34. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74. VanEck Junior Gold Miners ETF has a 12 month low of $41.85 and a 12 month high of $118.87.

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.