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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) saw some unusual options trading on Friday. Stock investors bought 267,100 call options on the company. This represents an increase of 1,579% compared to the typical volume of 15,912 call options.

VanEck Junior Gold Miners ETF Trading Up 3.0%

Shares of VanEck Junior Gold Miners ETF stock opened at $117.63 on Friday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74. VanEck Junior Gold Miners ETF has a twelve month low of $41.85 and a twelve month high of $118.87. The business’s 50 day simple moving average is $101.82 and its 200-day simple moving average is $85.68.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Several institutional investors have recently modified their holdings of GDXJ. Total Investment Management Inc. acquired a new stake in shares of VanEck Junior Gold Miners ETF in the 2nd quarter worth about $27,000. Farther Finance Advisors LLC grew its position in VanEck Junior Gold Miners ETF by 58.5% in 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. TD Waterhouse Canada Inc. increased its stake in shares of VanEck Junior Gold Miners ETF by 98.1% in the third 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. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of VanEck Junior Gold Miners ETF in the third quarter valued at approximately $33,000. Finally, Root Financial Partners LLC bought a new stake in shares of VanEck Junior Gold Miners ETF during the third quarter valued at approximately $34,000.

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.