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

VanEck Gold Miners ETF (NYSEARCA:GDX) saw some unusual options trading activity on Friday. Investors purchased 1,250,007 call options on the stock. This is an increase of approximately 665% compared to the typical volume of 163,457 call options.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Several large investors have recently made changes to their positions in GDX. Mainstay Capital Management LLC ADV acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth approximately $1,421,000. Painted Porch Advisors LLC raised its stake in VanEck Gold Miners ETF by 216.4% during the 3rd quarter. Painted Porch Advisors LLC now owns 1,313 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 898 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in VanEck Gold Miners ETF by 11.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 6,909 shares of the exchange traded fund’s stock worth $528,000 after acquiring an additional 700 shares during the period. Allworth Financial LP boosted its position in VanEck Gold Miners ETF by 96.3% during the 3rd quarter. Allworth Financial LP now owns 8,258 shares of the exchange traded fund’s stock worth $631,000 after acquiring an additional 4,051 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth $1,738,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock 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 company has a 50-day simple moving average of $77.99 and a 200-day simple moving average of $66.34. The firm has a market capitalization of $26.36 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.