VanEck Gold Miners ETF Sees Unusually High Options Volume (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) was the target of some unusual options trading activity on Thursday. Stock investors purchased 164,099 call options on the company. This represents an increase of approximately 31% compared to the average volume of 125,219 call options.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GDX. JPMorgan Chase & Co. raised its holdings in VanEck Gold Miners ETF by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after purchasing an additional 294,034 shares during the last quarter. Quadrature Capital Ltd acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at about $76,065,000. Caisse DE Depot ET Placement DU Quebec grew its position in shares of VanEck Gold Miners ETF by 70.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after purchasing an additional 760,722 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in VanEck Gold Miners ETF by 3,704.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after acquiring an additional 1,771,440 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of VanEck Gold Miners ETF by 6.9% during the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after acquiring an additional 84,471 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 4.0 %

Shares of NYSEARCA GDX opened at $39.42 on Friday. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The firm has a 50-day moving average of $36.40 and a two-hundred day moving average of $37.97.

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.