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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the target of some unusual options trading on Thursday. Stock investors acquired 164,099 call options on the company. This is an increase of 31% compared to the average volume of 125,219 call options.

Institutional Trading of VanEck Gold Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of GDX. Hara Capital LLC raised its holdings in VanEck Gold Miners ETF by 34.0% in the 4th quarter. Hara Capital LLC now owns 24,415 shares of the exchange traded fund’s stock worth $828,000 after acquiring an additional 6,200 shares during the period. Truist Financial Corp grew its position in shares of VanEck Gold Miners ETF by 7.9% in the fourth quarter. Truist Financial Corp now owns 510,203 shares of the exchange traded fund’s stock valued at $17,301,000 after purchasing an additional 37,274 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 21.1% in the fourth quarter. Sanctuary Advisors LLC now owns 107,042 shares of the exchange traded fund’s stock worth $3,630,000 after purchasing an additional 18,637 shares during the period. Principal Financial Group Inc. lifted its position in shares of VanEck Gold Miners ETF by 34.8% during the 4th quarter. Principal Financial Group Inc. now owns 42,939 shares of the exchange traded fund’s stock worth $1,456,000 after purchasing an additional 11,082 shares during the last quarter. Finally, Mainsail Asset Management LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth about $322,000.

VanEck Gold Miners ETF Stock Performance

GDX opened at $38.96 on Friday. The firm has a market cap of $15.57 billion, a P/E ratio of 28.03 and a beta of 0.85. The business has a 50 day moving average price of $36.42 and a 200 day moving average price of $37.97. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

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.