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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the target of some unusual options trading on Friday. Stock traders purchased 267,100 call options on the stock. This represents an increase of 1,579% compared to the average daily volume of 15,912 call options.

VanEck Junior Gold Miners ETF Price Performance

NYSEARCA GDXJ traded up $3.50 on Friday, reaching $117.70. The stock had a trading volume of 5,104,758 shares, compared to its average volume of 5,284,792. The company has a market cap of $10.05 billion, a P/E ratio of 24.09 and a beta of 0.74. The firm has a fifty day moving average of $101.46 and a two-hundred day moving average of $85.34. VanEck Junior Gold Miners ETF has a 1-year low of $41.85 and a 1-year high of $118.87.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its position in shares of VanEck Junior Gold Miners ETF by 124.9% during the 3rd quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock worth $383,294,000 after acquiring an additional 2,149,559 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of VanEck Junior Gold Miners ETF by 1,289.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 866,186 shares of the exchange traded fund’s stock valued at $58,546,000 after purchasing an additional 803,854 shares in the last quarter. Nearwater Capital Markets Ltd acquired a new stake in shares of VanEck Junior Gold Miners ETF in the 1st quarter valued at $42,900,000. Twin Tree Management LP increased its stake in shares of VanEck Junior Gold Miners ETF by 264.1% in the 2nd quarter. Twin Tree Management LP now owns 322,475 shares of the exchange traded fund’s stock valued at $21,796,000 after purchasing an additional 518,941 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of VanEck Junior Gold Miners ETF by 104.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 784,000 shares of the exchange traded fund’s stock worth $52,991,000 after buying an additional 400,000 shares in the last quarter.

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.