Investors Buy Large Volume of VanEck Junior Gold Miners ETF Call Options (NYSEARCA:GDXJ)

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the target of some unusual options trading activity on Friday. Investors bought 22,769 call options on the company. This is an increase of 34% compared to the typical daily volume of 16,963 call options.

VanEck Junior Gold Miners ETF Price Performance

Shares of VanEck Junior Gold Miners ETF stock opened at $41.99 on Friday. The firm’s fifty day simple moving average is $35.84 and its 200-day simple moving average is $35.40. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 10.96 and a beta of 1.06. VanEck Junior Gold Miners ETF has a 12 month low of $30.46 and a 12 month high of $44.70.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Several institutional investors have recently bought and sold shares of GDXJ. Jane Street Group LLC increased its stake in VanEck Junior Gold Miners ETF by 822.5% in the 4th quarter. Jane Street Group LLC now owns 4,081,512 shares of the exchange traded fund’s stock valued at $145,506,000 after buying an additional 3,639,061 shares during the period. Citigroup Inc. grew its stake in shares of VanEck Junior Gold Miners ETF by 94.6% during the 3rd quarter. Citigroup Inc. now owns 4,464,526 shares of the exchange traded fund’s stock worth $143,892,000 after purchasing an additional 2,170,733 shares during the period. Toronto Dominion Bank grew its stake in shares of VanEck Junior Gold Miners ETF by 119.2% during the 3rd quarter. Toronto Dominion Bank now owns 3,104,087 shares of the exchange traded fund’s stock worth $100,045,000 after purchasing an additional 1,688,086 shares during the period. Alaska Permanent Fund Corp grew its stake in shares of VanEck Junior Gold Miners ETF by 30.1% during the 3rd quarter. Alaska Permanent Fund Corp now owns 6,275,459 shares of the exchange traded fund’s stock worth $202,258,000 after purchasing an additional 1,451,064 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of VanEck Junior Gold Miners ETF by 3,622.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,159,269 shares of the exchange traded fund’s stock worth $37,097,000 after purchasing an additional 1,128,129 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.