VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Down – Here’s What Happened

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) gapped down before the market opened on Friday . The stock had previously closed at $143.68, but opened at $130.06. VanEck Junior Gold Miners ETF shares last traded at $132.4180, with a volume of 1,358,497 shares.

VanEck Junior Gold Miners ETF Trading Down 13.6%

The stock has a fifty day simple moving average of $119.67 and a two-hundred day simple moving average of $98.03. The company has a market cap of $10.29 billion, a PE ratio of 24.09 and a beta of 0.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GDXJ. Envestnet Asset Management Inc. increased its holdings in VanEck Junior Gold Miners ETF by 28.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 51,110 shares of the exchange traded fund’s stock valued at $3,455,000 after acquiring an additional 11,390 shares in the last quarter. CWM LLC grew its position in shares of VanEck Junior Gold Miners ETF by 19.0% in the second quarter. CWM LLC now owns 26,239 shares of the exchange traded fund’s stock valued at $1,773,000 after purchasing an additional 4,184 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of VanEck Junior Gold Miners ETF in the second quarter valued at approximately $222,000. Concurrent Investment Advisors LLC increased its stake in shares of VanEck Junior Gold Miners ETF by 36.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,902 shares of the exchange traded fund’s stock worth $331,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in shares of VanEck Junior Gold Miners ETF during the 2nd quarter worth approximately $233,000.

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.