Stock Traders Purchase Large Volume of Put Options on VanEck Gold Miners ETF (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of some unusual options trading activity on Monday. Investors acquired 353,308 put options on the stock. This represents an increase of approximately 78% compared to the average volume of 197,942 put options.

Institutional Investors Weigh In On VanEck Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in GDX. New Republic Capital LLC acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth approximately $29,000. Highline Wealth Partners LLC grew its position in VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the period. Family Management Corp bought a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at $38,000. Tradewinds Capital Management LLC raised its holdings in VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 325 shares during the last quarter. Finally, Creekmur Asset Management LLC raised its holdings in VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 362 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $107.48 on Tuesday. The company’s 50-day moving average is $87.90 and its 200-day moving average is $74.02. The stock has a market capitalization of $32.20 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $36.85 and a 1 year high of $112.54.

About VanEck Gold Miners ETF

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.