VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Gap Down – Here’s Why

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) shares gapped down before the market opened on Monday . The stock had previously closed at $48.34, but opened at $46.86. VanEck Junior Gold Miners ETF shares last traded at $46.83, with a volume of 323,683 shares trading hands.

VanEck Junior Gold Miners ETF Stock Performance

The business’s fifty day moving average price is $49.73 and its 200-day moving average price is $46.45. The stock has a market cap of $5.48 billion, a PE ratio of 24.80 and a beta of 1.03.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

Hedge funds have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC purchased a new position in VanEck Junior Gold Miners ETF in the second quarter worth about $29,000. Arlington Trust Co LLC purchased a new position in shares of VanEck Junior Gold Miners ETF in the third quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL bought a new stake in VanEck Junior Gold Miners ETF during the second quarter valued at approximately $36,000. FMR LLC grew its position in VanEck Junior Gold Miners ETF by 101.3% during the third quarter. FMR LLC now owns 1,254 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 631 shares during the period. Finally, MCF Advisors LLC purchased a new stake in VanEck Junior Gold Miners ETF during the second quarter valued at approximately $76,000.

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.