Short Interest in Market Vectors Gold Miners ETF (GDX) Declines By 11.5%
Market Vectors Gold Miners ETF (NYSE:GDX) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 45,745,634 shares, a decline of 11.5% from the September 15th total of 51,661,342 shares. Based on an average daily volume of 68,680,818 shares, the days-to-cover ratio is currently 0.7 days.
Shares of Market Vectors Gold Miners ETF (NYSE:GDX) opened at 22.99 on Monday. Market Vectors Gold Miners ETF has a 12-month low of $12.40 and a 12-month high of $31.79. The firm’s 50-day moving average price is $25.84 and its 200-day moving average price is $26.01.
Market Vectors Gold Miners ETF Company Profile
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Market Vectors Gold Miners ETF (the Trust) seeks to replicate as closely as possible the price and yield performance of NYSE Arca Gold Miners Index (GDM). GDM is a market capitalization-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large capitalization stocks.The Fund normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry.
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