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

Posted by Stephan Jacobs on Nov 25th, 2024

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ – Get Free Report) 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 traded.

VanEck Junior Gold Miners ETF Trading Down 3.1 %

The company has a fifty day moving average of $49.77 and a 200-day moving average of $46.43. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 24.80 and a beta of 1.03.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ridgewood Investments LLC purchased a new stake in VanEck Junior Gold Miners ETF in the 2nd quarter valued at $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of VanEck Junior Gold Miners ETF in the second quarter valued at about $36,000. Arlington Trust Co LLC acquired a new stake in VanEck Junior Gold Miners ETF during the third quarter worth about $37,000. FMR LLC raised its stake 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 worth $61,000 after purchasing an additional 631 shares during the period. Finally, MCF Advisors LLC acquired a new position in VanEck Junior Gold Miners ETF in the 2nd quarter valued at about $76,000.

About VanEck Junior Gold Miners ETF

(Get Free Report)

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.