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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the target of unusually large options trading activity on Monday. Investors purchased 353,308 put options on the company. This represents an increase of approximately 78% compared to the typical volume of 197,942 put options.

VanEck Gold Miners ETF Trading Up 1.7%

NYSEARCA:GDX opened at $109.29 on Wednesday. The stock has a fifty day moving average price of $88.58 and a 200 day moving average price of $74.42. The firm has a market cap of $32.74 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $37.21 and a 12-month high of $112.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tradewinds LLC. acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $1,568,000. Ethos Financial Group LLC bought a new stake in VanEck Gold Miners ETF in the second quarter valued at about $309,000. American National Bank & Trust acquired a new stake in VanEck Gold Miners ETF during the second quarter valued at approximately $68,000. Catalyst Funds Management Pty Ltd bought a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $10,277,000. Finally, Brookwood Investment Group LLC grew its position in shares of VanEck Gold Miners ETF by 46.3% in the 3rd quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock worth $1,562,000 after acquiring an additional 6,472 shares in the last quarter.

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.