VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Down – Time to Sell?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $116.37, but opened at $106.61. VanEck Junior Gold Miners ETF shares last traded at $107.17, with a volume of 3,029,563 shares traded.

VanEck Junior Gold Miners ETF Stock Performance

The company’s 50-day moving average price is $135.30 and its 200 day moving average price is $113.03. The stock has a market cap of $8.99 billion, a PE ratio of 24.09 and a beta of 0.74.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds have recently modified their holdings of GDXJ. Rockefeller Capital Management L.P. lifted its position in VanEck Junior Gold Miners ETF by 95.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 49,351 shares of the exchange traded fund’s stock valued at $5,615,000 after purchasing an additional 24,127 shares in the last quarter. ARP Global Capital Ltd bought a new position in shares of VanEck Junior Gold Miners ETF in the fourth quarter worth about $10,013,000. Corient Private Wealth LLC raised its stake in shares of VanEck Junior Gold Miners ETF by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 9,995 shares of the exchange traded fund’s stock worth $1,138,000 after buying an additional 250 shares during the period. Ketron Financial purchased a new position in shares of VanEck Junior Gold Miners ETF during the 4th quarter valued at about $261,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the 4th quarter valued at approximately $28,000.

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.