VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Sets New 1-Year High – Here’s Why

VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) reached a new 52-week high on Friday . The stock traded as high as $58.60 and last traded at $57.63, with a volume of 955630 shares changing hands. The stock had previously closed at $57.46.

VanEck Junior Gold Miners ETF Stock Down 0.2 %

The stock has a market cap of $5.49 billion, a P/E ratio of 19.93 and a beta of 1.24. The business has a 50 day moving average price of $51.16 and a 200 day moving average price of $49.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in VanEck Junior Gold Miners ETF during the third quarter worth $53,479,000. IMC Chicago LLC lifted its holdings in VanEck Junior Gold Miners ETF by 102.6% during the fourth quarter. IMC Chicago LLC now owns 26,712 shares of the exchange traded fund’s stock valued at $1,142,000 after purchasing an additional 1,062,702 shares in the last quarter. Panview Capital Ltd acquired a new stake in shares of VanEck Junior Gold Miners ETF in the fourth quarter valued at about $29,506,000. Rafferty Asset Management LLC increased its stake in shares of VanEck Junior Gold Miners ETF by 28.8% during the fourth quarter. Rafferty Asset Management LLC now owns 2,968,980 shares of the exchange traded fund’s stock worth $126,924,000 after purchasing an additional 663,924 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of VanEck Junior Gold Miners ETF during the 4th quarter worth about $19,743,000.

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.