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

VanEck Gold Miners ETF (NYSEARCA:GDX) saw unusually large options trading activity on Friday. Stock traders purchased 175,602 call options on the stock. This is an increase of 35% compared to the average daily volume of 129,858 call options.

VanEck Gold Miners ETF Trading Down 3.5%

NYSEARCA GDX opened at $74.10 on Friday. VanEck Gold Miners ETF has a 12 month low of $51.37 and a 12 month high of $117.18. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The company’s 50 day moving average is $78.61 and its two-hundred day moving average is $90.62.

Institutional Trading of VanEck Gold Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Avalon Trust Co purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at $26,000. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF during the fourth quarter valued at about $27,000. Bayban purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $27,000. Princeton Global Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $33,000.

VanEck Gold Miners ETF Company Profile

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.