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

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of some unusual options trading on Thursday. Stock investors bought 164,099 call options on the stock. This represents an increase of approximately 31% compared to the average daily volume of 125,219 call options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $76,065,000. Strategic Financial Concepts LLC lifted its holdings in VanEck Gold Miners ETF by 3,704.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares in the last quarter. Carrhae Capital LLP purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter worth approximately $43,073,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $35,838,000. Finally, Fiduciary Family Office LLC acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth $25,807,000.

VanEck Gold Miners ETF Stock Up 4.5 %

Shares of NYSEARCA:GDX traded up $1.69 during trading on Thursday, hitting $39.59. The stock had a trading volume of 16,008,589 shares, compared to its average volume of 16,379,126. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The stock has a 50-day simple moving average of $36.38 and a two-hundred day simple moving average of $37.96.

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.