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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the target of some unusual options trading on Friday. Stock investors acquired 1,250,007 call options on the company. This represents an increase of approximately 665% compared to the average volume of 163,457 call options.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of VanEck Gold Miners ETF by 766.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares in the last quarter. Slate Path Capital LP acquired a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $123,070,000. Pureheart Capital Pte Ltd. grew its stake in shares of VanEck Gold Miners ETF by 1.4% in the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after buying an additional 19,000 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of VanEck Gold Miners ETF by 99.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock valued at $67,990,000 after buying an additional 650,000 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 2.5%

Shares of NYSEARCA GDX opened at $87.79 on Friday. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $88.69. The firm has a market capitalization of $26.36 billion, a PE ratio of 21.70 and a beta of 0.55. The business has a 50-day moving average price of $77.99 and a two-hundred day moving average price of $66.25.

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.