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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 175,186 put options on the company. This represents an increase of approximately 29% compared to the typical volume of 135,711 put options.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $50.23 on Wednesday. VanEck Gold Miners ETF has a 1 year low of $32.20 and a 1 year high of $53.25. The firm’s 50-day simple moving average is $44.15 and its 200-day simple moving average is $40.19. The firm has a market cap of $15.91 billion, a PE ratio of 20.72 and a beta of 0.84.

Institutional Trading of VanEck Gold Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. lifted its position in shares of VanEck Gold Miners ETF by 64.6% in the 3rd quarter. Westside Investment Management Inc. now owns 10,920 shares of the exchange traded fund’s stock worth $435,000 after buying an additional 4,285 shares during the last quarter. Anchor Investment Management LLC raised its stake in VanEck Gold Miners ETF by 47.8% during the third quarter. Anchor Investment Management LLC now owns 16,540 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 5,350 shares during the period. Eaton Financial Holdings Company LLC bought a new position in VanEck Gold Miners ETF in the third quarter worth about $1,795,000. World Investment Advisors LLC acquired a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $225,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $895,000.

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.