Short Interest in VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Grows By 21.3%

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 9,953,646 shares, an increase of 21.3% from the February 12th total of 8,208,814 shares. Currently, 12.0% of the shares of the stock are sold short. Based on an average daily volume of 4,733,829 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 4,733,829 shares, the short-interest ratio is presently 2.1 days. Currently, 12.0% of the shares of the stock are sold short.

Institutional Trading of VanEck Junior Gold Miners ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Total Investment Management Inc. acquired a new position in shares of VanEck Junior Gold Miners ETF in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of VanEck Junior Gold Miners ETF during the fourth quarter valued at $28,000. Colonial Trust Advisors acquired a new position in shares of VanEck Junior Gold Miners ETF during the fourth quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter worth $28,000. Finally, TD Waterhouse Canada Inc. increased its holdings in VanEck Junior Gold Miners ETF by 98.1% in the third quarter. TD Waterhouse Canada Inc. now owns 321 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 159 shares during the period.

VanEck Junior Gold Miners ETF Stock Performance

Shares of GDXJ traded up $1.91 during trading hours on Monday, reaching $125.84. The stock had a trading volume of 4,930,815 shares, compared to its average volume of 6,329,239. VanEck Junior Gold Miners ETF has a 12 month low of $49.33 and a 12 month high of $157.49. The stock has a market capitalization of $10.46 billion, a PE ratio of 24.09 and a beta of 0.74. The company’s 50-day moving average is $135.31 and its two-hundred day moving average is $112.69.

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.