VanEck Market Vectors Junior Gold Mining ETF (GDXJ) has only been on the market for 7 trading days, but in this limited timeframe it has outperformed its large cap peer, the standard Market Vectors Gold Mining ETF (GDX) by over 2%.

That's not a bad start at all, and it would have been much better if component New Gold (Amex:NGD) hadn't lost over 16% today after a Mexican court ordered New Gold to cease operations at one of its mines.

The volume was strong as well — averaging nearly 3 million shares per day.  My guess is that over time GDXJ will steal some trading volume from GDX (which currently trades over 12 million shares/day) and from individual junior mining names.  

DISCLOSURE:  No position.

Related posts:

1. Junior gold miner ETF GDXJ to begin trading today
2. Sold gold
3. Gold reaches 18-month high; all-time highs in sight