VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Down – What’s Next?

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 firm’s 50 day simple moving average is $119.07 and its 200-day simple moving average is $97.43. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its stake in shares of VanEck Junior Gold Miners ETF by 18.1% during the 4th quarter. Sanctuary Advisors LLC now owns 34,950 shares of the exchange traded fund’s stock worth $3,977,000 after purchasing an additional 5,348 shares during the period. Approach Retirement Advisors LLC purchased a new stake in VanEck Junior Gold Miners ETF during the fourth quarter worth about $203,000. Veracity Capital LLC grew its position in VanEck Junior Gold Miners ETF by 3.7% during the fourth quarter. Veracity Capital LLC now owns 3,467 shares of the exchange traded fund’s stock worth $395,000 after buying an additional 125 shares during the period. Concurrent Investment Advisors LLC grew its position in VanEck Junior Gold Miners ETF by 21.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 6,173 shares of the exchange traded fund’s stock worth $702,000 after buying an additional 1,071 shares during the period. Finally, TBH Global Asset Management LLC increased its holdings in VanEck Junior Gold Miners ETF by 639.7% in the fourth quarter. TBH Global Asset Management LLC now owns 62,950 shares of the exchange traded fund’s stock valued at $7,162,000 after buying an additional 54,440 shares in the last quarter.

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.