VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 13,471,069 shares, a decrease of 27.9% from the October 15th total of 18,686,717 shares. Based on an average daily volume of 12,547,742 shares, the short-interest ratio is currently 1.1 days.

Several hedge funds have recently made changes to their positions in the company. CIBC World Markets Inc. increased its holdings in shares of VanEck Vectors Junior Gold Miners ETF by 6.4% in the second quarter. CIBC World Markets Inc. now owns 30,943 shares of the exchange traded fund’s stock valued at $1,012,000 after purchasing an additional 1,865 shares during the period. Cornerstone Wealth Management LLC grew its holdings in VanEck Vectors Junior Gold Miners ETF by 8.1% during the third quarter. Cornerstone Wealth Management LLC now owns 25,108 shares of the exchange traded fund’s stock worth $718,000 after acquiring an additional 1,874 shares during the period. Russell Investments Group Ltd. grew its holdings in VanEck Vectors Junior Gold Miners ETF by 8.9% during the second quarter. Russell Investments Group Ltd. now owns 26,832 shares of the exchange traded fund’s stock worth $877,000 after acquiring an additional 2,183 shares during the period. Creative Planning grew its holdings in VanEck Vectors Junior Gold Miners ETF by 15.1% during the third quarter. Creative Planning now owns 20,256 shares of the exchange traded fund’s stock worth $554,000 after acquiring an additional 2,657 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in VanEck Vectors Junior Gold Miners ETF by 31.2% during the third quarter. PNC Financial Services Group Inc. now owns 12,853 shares of the exchange traded fund’s stock worth $352,000 after acquiring an additional 3,058 shares during the period.

Shares of GDXJ stock opened at $26.17 on Wednesday. VanEck Vectors Junior Gold Miners ETF has a fifty-two week low of $25.91 and a fifty-two week high of $36.08.

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About VanEck Vectors Junior Gold Miners ETF

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.

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