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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the target of unusually large options trading on Thursday. Traders acquired 164,099 call options on the company. This is an increase of 31% compared to the typical daily volume of 125,219 call options.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $39.42 on Friday. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The stock has a market capitalization of $15.76 billion, a P/E ratio of 28.03 and a beta of 0.85. The business has a fifty day moving average price of $36.40 and a 200-day moving average price of $37.97.

Institutional Trading of VanEck Gold Miners ETF

Several large investors have recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $25,000. Financial Connections Group Inc. bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new position in VanEck Gold Miners ETF in the 4th quarter valued at approximately $25,000. Aptus Capital Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $49,000.

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.