Investors Buy High 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 Monday. Investors purchased 17,163 call options on the company. This represents an increase of approximately 87% compared to the average volume of 9,202 call options.

VanEck Junior Gold Miners ETF Price Performance

GDXJ traded up $3.96 during midday trading on Monday, reaching $111.70. 2,456,668 shares of the company’s stock traded hands, compared to its average volume of 5,410,276. VanEck Junior Gold Miners ETF has a 52 week low of $89.83 and a 52 week high of $157.49. The firm has a fifty day moving average of $114.23 and a two-hundred day moving average of $117.92. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 24.09 and a beta of 0.88.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Hedge funds have recently made changes to their positions in the business. Norman Fields Gottscho Capital Management LLC purchased a new stake in VanEck Junior Gold Miners ETF in the third quarter worth $3,219,000. Concurrent Investment Advisors LLC increased its position in VanEck Junior Gold Miners ETF by 73.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,375 shares of the exchange traded fund’s stock valued at $1,216,000 after purchasing an additional 5,241 shares during the period. Hsbc Holdings PLC bought a new position in VanEck Junior Gold Miners ETF in the 4th quarter worth $866,000. Copley Financial Group Inc. raised its holdings in VanEck Junior Gold Miners ETF by 18.5% in the 2nd quarter. Copley Financial Group Inc. now owns 55,468 shares of the exchange traded fund’s stock worth $5,450,000 after purchasing an additional 8,644 shares in the last quarter. Finally, DV Trading LLC raised its holdings in VanEck Junior Gold Miners ETF by 285.3% in the 1st quarter. DV Trading LLC now owns 18,041 shares of the exchange traded fund’s stock worth $2,166,000 after purchasing an additional 13,359 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.