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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $143.68, but opened at $130.06. VanEck Junior Gold Miners ETF shares last traded at $132.4180, with a volume of 1,358,497 shares traded.

VanEck Junior Gold Miners ETF Trading Down 10.5%

The stock has a market capitalization of $10.66 billion, a PE ratio of 24.09 and a beta of 0.74. The firm has a 50 day moving average of $119.07 and a two-hundred day moving average of $97.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GDXJ. Silver Oak Securities Incorporated boosted its stake in shares of VanEck Junior Gold Miners ETF by 1.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 6,337 shares of the exchange traded fund’s stock valued at $730,000 after acquiring an additional 109 shares during the last quarter. Truist Financial Corp lifted its position in VanEck Junior Gold Miners ETF by 1.4% during the third quarter. Truist Financial Corp now owns 8,543 shares of the exchange traded fund’s stock valued at $846,000 after buying an additional 116 shares in the last quarter. Veracity Capital LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 3.7% during the 4th quarter. Veracity Capital LLC now owns 3,467 shares of the exchange traded fund’s stock valued at $395,000 after acquiring an additional 125 shares in the last quarter. Beck Mack & Oliver LLC lifted its stake in shares of VanEck Junior Gold Miners ETF by 2.7% during the third quarter. Beck Mack & Oliver LLC now owns 5,650 shares of the exchange traded fund’s stock worth $560,000 after purchasing an additional 150 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in VanEck Junior Gold Miners ETF by 98.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 321 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 159 shares in the last quarter.

About VanEck 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.