VanEck Gold Miners ETF Target of Unusually Large Options Trading (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) saw unusually large options trading activity on Friday. Stock investors bought 336,363 call options on the company. This represents an increase of approximately 147% compared to the average volume of 136,187 call options.

VanEck Gold Miners ETF Stock Up 1.0 %

GDX stock opened at $34.73 on Friday. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The company’s fifty day simple moving average is $38.62 and its 200 day simple moving average is $37.71.

Hedge Funds Weigh In On VanEck Gold Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concourse Financial Group Securities Inc. increased its position in shares of VanEck Gold Miners ETF by 4.6% during the second quarter. Concourse Financial Group Securities Inc. now owns 9,100 shares of the exchange traded fund’s stock worth $309,000 after acquiring an additional 400 shares in the last quarter. &PARTNERS purchased a new position in VanEck Gold Miners ETF in the second quarter valued at about $341,000. Beacon Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Moody Lynn & Lieberson LLC purchased a new position in VanEck Gold Miners ETF in the second quarter valued at about $2,187,000. Finally, Aries Wealth Management boosted its stake in VanEck Gold Miners ETF by 1.6% in the second quarter. Aries Wealth Management now owns 45,842 shares of the exchange traded fund’s stock valued at $1,555,000 after acquiring an additional 700 shares during 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.