VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Down – Should You Sell?

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $121.60, but opened at $115.32. VanEck Junior Gold Miners ETF shares last traded at $113.5860, with a volume of 982,450 shares trading hands.

VanEck Junior Gold Miners ETF Stock Performance

The firm has a fifty day moving average price of $103.17 and a 200 day moving average price of $87.69. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74.

Institutional Trading of VanEck Junior Gold Miners ETF

Several large investors have recently bought and sold shares of GDXJ. Bank of Montreal Can lifted its stake in VanEck Junior Gold Miners ETF by 124.9% in the 3rd quarter. Bank of Montreal Can now owns 3,870,489 shares of the exchange traded fund’s stock valued at $383,294,000 after buying an additional 2,149,559 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of VanEck Junior Gold Miners ETF by 1,289.6% during the second quarter. BNP Paribas Financial Markets now owns 866,186 shares of the exchange traded fund’s stock worth $58,546,000 after purchasing an additional 803,854 shares during the last quarter. Nearwater Capital Markets Ltd purchased a new stake in shares of VanEck Junior Gold Miners ETF in the first quarter valued at $42,900,000. Twin Tree Management LP increased its stake in VanEck Junior Gold Miners ETF by 264.1% in the second quarter. Twin Tree Management LP now owns 322,475 shares of the exchange traded fund’s stock valued at $21,796,000 after purchasing an additional 518,941 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in VanEck Junior Gold Miners ETF by 104.2% during the second quarter. Teacher Retirement System of Texas now owns 784,000 shares of the exchange traded fund’s stock worth $52,991,000 after buying an additional 400,000 shares during the period.

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.