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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) was the target of unusually large options trading on Monday. Stock investors bought 17,163 call options on the company. This represents an increase of 87% compared to the typical daily volume of 9,202 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GDXJ. Bank of Nova Scotia purchased a new stake in shares of VanEck Junior Gold Miners ETF during the first quarter valued at approximately $120,040,000. Thor Investment Management Inc. OH ADV bought a new stake in VanEck Junior Gold Miners ETF during the 3rd quarter valued at $44,595,000. Bank of America Corp DE boosted its position in VanEck Junior Gold Miners ETF by 3.8% during the 1st quarter. Bank of America Corp DE now owns 242,660 shares of the exchange traded fund’s stock valued at $29,129,000 after buying an additional 8,903 shares during the period. Commonwealth Equity Services LLC purchased a new stake in VanEck Junior Gold Miners ETF during the 3rd quarter valued at $18,245,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in VanEck Junior Gold Miners ETF in the 1st quarter worth $15,728,000.

VanEck Junior Gold Miners ETF Stock Performance

NYSEARCA:GDXJ traded up $3.96 during trading on Monday, reaching $111.70. The company’s stock had a trading volume of 2,456,668 shares, compared to its average volume of 5,410,276. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 24.09 and a beta of 0.88. The firm has a 50 day moving average of $114.23 and a 200-day moving average of $117.92. VanEck Junior Gold Miners ETF has a 12 month low of $89.83 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.