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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of some unusual options trading activity on Thursday. Traders acquired 190,972 call options on the stock. This represents an increase of 44% compared to the average daily volume of 132,428 call options.

VanEck Gold Miners ETF Stock Up 2.2 %

GDX opened at $40.08 on Friday. The firm has a market cap of $16.02 billion, a P/E ratio of 28.03 and a beta of 0.85. The business’s fifty day simple moving average is $37.57 and its 200 day simple moving average is $34.62. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $40.22.

Institutional Investors Weigh In On VanEck Gold Miners ETF

Several hedge funds have recently made changes to their positions in GDX. Jane Street Group LLC grew its holdings in VanEck Gold Miners ETF by 649.7% in the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after purchasing an additional 14,046,913 shares during the period. Capitolis Liquid Global Markets LLC purchased a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth about $104,346,000. Alaska Permanent Fund Corp lifted its stake in shares of VanEck Gold Miners ETF by 132.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock valued at $124,594,000 after purchasing an additional 2,242,823 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $58,686,000. Finally, National Bank of Canada FI increased its position in VanEck Gold Miners ETF by 89.0% during the 2nd quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after purchasing an additional 1,842,885 shares in the last quarter.

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.