Investors Buy High Volume of VanEck Gold Miners ETF Call Options (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) saw unusually large options trading activity on Friday. Traders bought 1,250,007 call options on the stock. This is an increase of approximately 665% compared to the average volume of 163,457 call options.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Institutional investors have recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $309,000. American National Bank & Trust purchased a new stake in VanEck Gold Miners ETF in the second quarter valued at about $68,000. Catalyst Funds Management Pty Ltd purchased a new stake in VanEck Gold Miners ETF in the second quarter valued at about $10,277,000. Johnson Investment Counsel Inc. boosted its holdings in VanEck Gold Miners ETF by 32.2% in the second quarter. Johnson Investment Counsel Inc. now owns 158,387 shares of the exchange traded fund’s stock worth $8,246,000 after acquiring an additional 38,615 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $254,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock traded up $2.28 during trading hours on Friday, hitting $87.95. The company had a trading volume of 16,567,832 shares, compared to its average volume of 22,241,004. The firm has a market cap of $26.41 billion, a P/E ratio of 21.70 and a beta of 0.55. The company has a 50-day moving average price of $77.75 and a two-hundred day moving average price of $66.01. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $88.69.

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.