In today’s session Market Vectors Junior Gold Miners ETF (GDXJ) registered an unusually high (1,520) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GDXJ increase. With 1,520 contracts traded and 51594 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GDXJ170120C00050000 closed last at: $0.15 or 25% down. Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) has risen 1.50% since April 25, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.
Market Vectors Junior Gold Miners ETF 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 ETF has a market cap of $2.87 billion. 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. It currently has negative earnings. The Fund will normally invest at least 80% of its total assets in companies that are involved in the gold mining industry.
More notable recent Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) news were published by: Etfdailynews.com which released: “Gold Miners Set To Lead Again In 2017” on November 26, 2016, also Etfdailynews.com with their article: “Junior Gold Miners Are Setting Up For A Big Bounce” published on November 22, 2016, Etfdailynews.com published: “As Gold Miners Crash, Is A New Bear Market Forming?” on November 11, 2016. More interesting news about Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) were released by: Etfdailynews.com and their article: “Analyst: Sell Gold Miners Through 2017” published on October 06, 2016 as well as Etfdailynews.com‘s news article titled: “McDonald: Gold Miners Are a “Screaming Buy”” with publication date: October 18, 2016.
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