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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of unusually large options trading activity on Monday. Traders acquired 288,858 call options on the company. This represents an increase of 117% compared to the typical daily volume of 133,103 call options.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $36.73 on Tuesday. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The firm has a 50-day moving average of $39.97 and a two-hundred day moving average of $37.37.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VanEck Gold Miners ETF by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock worth $1,391,000 after acquiring an additional 2,500 shares during the period. Empowered Funds LLC purchased a new position in VanEck Gold Miners ETF during the first quarter valued at $297,000. SG Americas Securities LLC lifted its holdings in VanEck Gold Miners ETF by 9.7% during the first quarter. SG Americas Securities LLC now owns 125,307 shares of the exchange traded fund’s stock valued at $3,962,000 after purchasing an additional 11,094 shares in the last quarter. US Bancorp DE lifted its holdings in VanEck Gold Miners ETF by 4.9% during the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock valued at $441,000 after purchasing an additional 649 shares in the last quarter. Finally, Private Wealth Advisors LLC purchased a new position in VanEck Gold Miners ETF during the first quarter valued at $4,168,000.

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.