Investors Purchase High Volume of Call Options on VanEck Gold Miners ETF (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of unusually large options trading on Monday. Investors acquired 288,858 call options on the company. This is an increase of approximately 117% compared to the typical daily volume of 133,103 call options.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Several institutional investors have recently bought and sold shares of GDX. Mirae Asset Global Investments Co. Ltd. boosted its position in VanEck Gold Miners ETF by 6.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 2,500 shares during the period. Empowered Funds LLC bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $297,000. SG Americas Securities LLC boosted its holdings in VanEck Gold Miners ETF by 9.7% in the first quarter. SG Americas Securities LLC now owns 125,307 shares of the exchange traded fund’s stock worth $3,962,000 after purchasing an additional 11,094 shares during the last quarter. US Bancorp DE boosted its holdings in VanEck Gold Miners ETF by 4.9% in the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 649 shares during the last quarter. Finally, Private Wealth Advisors LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter worth approximately $4,168,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $36.73 on Tuesday. The company has a market capitalization of $14.68 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The business’s 50 day simple moving average is $39.97 and its 200 day simple moving average is $37.37.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.