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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) 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 Trading Down 1.8%

The stock has a market capitalization of $10.23 billion, a P/E ratio of 24.09 and a beta of 0.74. The business has a 50-day moving average price of $132.16 and a two-hundred day moving average price of $114.89.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Up Capital Management Inc. acquired a new stake in VanEck Junior Gold Miners ETF during the fourth quarter worth about $265,000. Hsbc Holdings PLC acquired a new position in shares of VanEck Junior Gold Miners ETF in the 4th quarter valued at approximately $866,000. Rockefeller Capital Management L.P. raised its position in shares of VanEck Junior Gold Miners ETF by 95.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 49,351 shares of the exchange traded fund’s stock valued at $5,615,000 after buying an additional 24,127 shares in the last quarter. ARP Global Capital Ltd bought a new stake in shares of VanEck Junior Gold Miners ETF during the 4th quarter worth approximately $10,013,000. Finally, Corient Private Wealth LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 9,995 shares of the exchange traded fund’s stock worth $1,138,000 after acquiring an additional 250 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.