VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $114.97 and traded as high as $116.49. VanEck Junior Gold Miners ETF shares last traded at $114.10, with a volume of 5,467,001 shares changing hands.

VanEck Junior Gold Miners ETF Stock Down 1.4%

The company has a market capitalization of $8.43 billion, a PE ratio of 24.09 and a beta of 0.90. The firm has a 50-day moving average of $118.48 and a two-hundred day moving average of $114.84.

Hedge Funds Weigh In On VanEck Junior Gold Miners ETF

Hedge funds have recently modified their holdings of the business. Princeton Global Asset Management LLC acquired a new position in VanEck Junior Gold Miners ETF in the first quarter valued at about $27,000. Ascentis Independent Advisors purchased a new stake in shares of VanEck Junior Gold Miners ETF in the 1st quarter valued at approximately $50,000. FNY Investment Advisers LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 37.5% in the 2nd quarter. FNY Investment Advisers LLC now owns 554 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 151 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of VanEck Junior Gold Miners ETF by 148.3% in the 1st quarter. Root Financial Partners LLC now owns 519 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 310 shares during the last quarter. Finally, Vestor Capital LLC acquired a new position in shares of VanEck Junior Gold Miners ETF in the 1st quarter worth approximately $64,000.

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.