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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of unusually large options trading on Tuesday. Stock traders bought 165,497 put options on the company. This is an increase of 30% compared to the typical daily volume of 127,756 put options.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock traded up $0.21 on Tuesday, reaching $74.54. The stock had a trading volume of 14,128,054 shares, compared to its average volume of 20,688,098. The stock has a market cap of $21.82 billion, a P/E ratio of 21.70 and a beta of 0.77. The company has a 50 day simple moving average of $60.02 and a 200 day simple moving average of $52.78. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $75.28.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GDX. Hurley Capital LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter worth $26,000. Hoey Investments Inc. lifted its position in shares of VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 213 shares in the last quarter. Investors Research Corp lifted its position in shares of VanEck Gold Miners ETF by 57.3% during the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 251 shares in the last quarter. Creekmur Asset Management LLC lifted its holdings in VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 362 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in VanEck Gold Miners ETF during the second quarter valued at $34,000.

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.