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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) shares gapped down prior to trading on Thursday . The stock had previously closed at $125.25, but opened at $116.13. VanEck Junior Gold Miners ETF shares last traded at $119.70, with a volume of 730,433 shares changing hands.

VanEck Junior Gold Miners ETF Stock Performance

The business has a 50-day simple moving average of $131.31 and a two-hundred day simple moving average of $115.15. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Large investors have recently modified their holdings of the business. Bleakley Financial Group LLC lifted its stake in VanEck Junior Gold Miners ETF by 23.1% in the third quarter. Bleakley Financial Group LLC now owns 27,269 shares of the exchange traded fund’s stock valued at $2,700,000 after acquiring an additional 5,111 shares during the last quarter. Abbington Investment Group acquired a new position in shares of VanEck Junior Gold Miners ETF during the 3rd quarter worth approximately $7,716,000. Harbor Investment Advisory LLC increased its holdings in shares of VanEck Junior Gold Miners ETF by 291.8% during the 3rd quarter. Harbor Investment Advisory LLC now owns 30,607 shares of the exchange traded fund’s stock worth $3,031,000 after acquiring an additional 22,795 shares during the last quarter. FNY Investment Advisers LLC raised its stake in VanEck Junior Gold Miners ETF by 90,525.0% in the 4th quarter. FNY Investment Advisers LLC now owns 14,500 shares of the exchange traded fund’s stock valued at $1,649,000 after acquiring an additional 14,484 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in VanEck Junior Gold Miners ETF by 23.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 28,041 shares of the exchange traded fund’s stock valued at $2,777,000 after acquiring an additional 5,394 shares during the period.

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.