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

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ)’s stock price gapped down before the market opened 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 traded.

VanEck Junior Gold Miners ETF Trading Up 1.2%

The firm’s 50-day moving average is $103.72 and its 200-day moving average is $88.31. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 24.09 and a beta of 0.74.

Institutional Investors Weigh In On VanEck Junior Gold Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its stake in VanEck Junior Gold Miners ETF by 124.9% during 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 purchasing an additional 2,149,559 shares during the last quarter. Lingotto Investment Management LLP increased its position in VanEck Junior Gold Miners ETF by 2.0% in the second quarter. Lingotto Investment Management LLP now owns 2,575,680 shares of the exchange traded fund’s stock worth $174,090,000 after buying an additional 50,185 shares during the last quarter. Invesco Ltd. lifted its stake in shares of VanEck Junior Gold Miners ETF by 1.2% during the 3rd quarter. Invesco Ltd. now owns 1,982,116 shares of the exchange traded fund’s stock valued at $196,289,000 after buying an additional 23,234 shares in the last quarter. BNP Paribas Financial Markets grew its stake in VanEck Junior Gold Miners ETF by 56.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,355,079 shares of the exchange traded fund’s stock valued at $134,193,000 after buying an additional 488,893 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in VanEck Junior Gold Miners ETF by 104.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 784,000 shares of the exchange traded fund’s stock worth $52,991,000 after purchasing an additional 400,000 shares in the last quarter.

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.