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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) saw some unusual options trading on Thursday. Investors bought 26,636 call options on the company. This represents an increase of approximately 121% compared to the average daily volume of 12,066 call options.

VanEck Junior Gold Miners ETF Trading Up 0.1%

GDXJ opened at $99.74 on Friday. The stock has a fifty day simple moving average of $81.47 and a two-hundred day simple moving average of $69.63. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 24.09 and a beta of 1.06. VanEck Junior Gold Miners ETF has a 12-month low of $41.85 and a 12-month high of $101.36.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of institutional investors have recently added to or reduced their stakes in GDXJ. Wealth Enhancement Advisory Services LLC raised its holdings in VanEck Junior Gold Miners ETF by 64.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,679 shares of the exchange traded fund’s stock worth $328,000 after purchasing an additional 3,002 shares in the last quarter. NBC Securities Inc. raised its holdings in VanEck Junior Gold Miners ETF by 116,566.7% in the first quarter. NBC Securities Inc. now owns 3,500 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 3,497 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in VanEck Junior Gold Miners ETF by 20,396.0% in the first quarter. Financial Management Professionals Inc. now owns 20,496 shares of the exchange traded fund’s stock worth $1,172,000 after purchasing an additional 20,396 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VanEck Junior Gold Miners ETF by 142.2% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,245 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 731 shares in the last quarter. Finally, Deane Retirement Strategies Inc. bought a new position in VanEck Junior Gold Miners ETF in the first quarter worth $2,460,000.

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.