VanEck Junior Gold Miners ETF Target of Unusually Large Options Trading (NYSEARCA:GDXJ)

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) saw unusually large options trading activity on Wednesday. Stock investors acquired 12,502 call options on the stock. This is an increase of approximately 50% compared to the average daily volume of 8,311 call options.

Institutional Trading of VanEck Junior Gold Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IPG Investment Advisors LLC purchased a new position in shares of VanEck Junior Gold Miners ETF during the 2nd quarter worth about $260,000. Integrated Wealth Concepts LLC raised its position in VanEck Junior Gold Miners ETF by 17.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,987 shares of the exchange traded fund’s stock worth $588,000 after purchasing an additional 893 shares during the period. Squarepoint Ops LLC bought a new stake in VanEck Junior Gold Miners ETF in the second quarter worth about $533,000. Baird Financial Group Inc. lifted its stake in VanEck Junior Gold Miners ETF by 15.2% in the second quarter. Baird Financial Group Inc. now owns 21,290 shares of the exchange traded fund’s stock worth $2,092,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Morling Financial Advisors LLC boosted its position in shares of VanEck Junior Gold Miners ETF by 99.8% during the second quarter. Morling Financial Advisors LLC now owns 1,802 shares of the exchange traded fund’s stock valued at $177,000 after buying an additional 900 shares during the period.

VanEck Junior Gold Miners ETF Stock Up 0.2%

NYSEARCA:GDXJ traded up $0.18 on Wednesday, reaching $120.49. 1,484,246 shares of the company’s stock traded hands, compared to its average volume of 5,646,743. The stock has a 50-day simple moving average of $113.45 and a 200-day simple moving average of $116.41. The firm has a market cap of $8.66 billion, a PE ratio of 24.09 and a beta of 0.90. VanEck Junior Gold Miners ETF has a 12 month low of $85.60 and a 12 month high of $157.49.

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.