VanEck Vectors Gold Miners ETF (GDX) Sees Significant Decrease in Short Interest

VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 36,039,899 shares, a drop of 24.6% from the October 13th total of 47,824,399 shares. Based on an average trading volume of 36,540,095 shares, the short-interest ratio is currently 1.0 days.

VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) opened at $22.59 on Wednesday. VanEck Vectors Gold Miners ETF has a 12-month low of $18.58 and a 12-month high of $25.71.

A number of hedge funds have recently added to or reduced their stakes in GDX. Oppenheimer Asset Management Inc. lifted its position in VanEck Vectors Gold Miners ETF by 3.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,558 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 171 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in VanEck Vectors Gold Miners ETF by 49.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,049 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 2,000 shares during the last quarter. Edge Wealth Management LLC lifted its position in VanEck Vectors Gold Miners ETF by 22,623.3% during the second quarter. Edge Wealth Management LLC now owns 6,817 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 6,787 shares during the last quarter. Advantage Investment Management LLC lifted its position in VanEck Vectors Gold Miners ETF by 581.3% during the third quarter. Advantage Investment Management LLC now owns 6,527 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 5,569 shares during the last quarter. Finally, Northside Capital Management LLC bought a new position in VanEck Vectors Gold Miners ETF during the third quarter valued at $202,000.

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