Stock Traders Purchase High Volume of VanEck Junior Gold Miners ETF Put Options (NYSEARCA:GDXJ)

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) saw some unusual options trading on Wednesday. Investors bought 16,321 put options on the stock. This is an increase of approximately 82% compared to the typical daily volume of 8,963 put options.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. raised its holdings in shares of VanEck Junior Gold Miners ETF by 2.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 8,198 shares of the exchange traded fund’s stock valued at $350,000 after acquiring an additional 200 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of VanEck Junior Gold Miners ETF by 20.7% in the 4th quarter. Principal Securities Inc. now owns 1,411 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 242 shares in the last quarter. MML Investors Services LLC lifted its position in shares of VanEck Junior Gold Miners ETF by 4.2% in the 3rd quarter. MML Investors Services LLC now owns 6,549 shares of the exchange traded fund’s stock worth $320,000 after purchasing an additional 266 shares during the period. NewEdge Advisors LLC lifted its position in shares of VanEck Junior Gold Miners ETF by 2.1% in the 4th quarter. NewEdge Advisors LLC now owns 13,261 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 268 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in VanEck Junior Gold Miners ETF by 6.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,946 shares of the exchange traded fund’s stock valued at $211,000 after buying an additional 300 shares during the period.

VanEck Junior Gold Miners ETF Trading Up 5.1 %

Shares of NYSEARCA GDXJ traded up $2.56 during mid-day trading on Wednesday, reaching $53.06. The company had a trading volume of 3,352,405 shares, compared to its average volume of 4,998,894. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 20.74 and a beta of 1.06. VanEck Junior Gold Miners ETF has a 52 week low of $39.88 and a 52 week high of $58.60. The business’s 50-day moving average is $52.47 and its 200-day moving average is $49.48.

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.