VanEck Gold Miners ETF (NYSEARCA:GDX – Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors acquired 175,602 call options on the company. This is an increase of approximately 35% compared to the typical volume of 129,858 call options.
VanEck Gold Miners ETF Price Performance
GDX stock opened at $74.10 on Friday. The company has a 50 day moving average price of $78.61 and a 200 day moving average price of $90.62. VanEck Gold Miners ETF has a fifty-two week low of $51.37 and a fifty-two week high of $117.18. The stock has a market capitalization of $22.61 billion, a PE ratio of 21.70 and a beta of 0.65.
Institutional Investors Weigh In On VanEck Gold Miners ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Avalon Trust Co bought a new position in VanEck Gold Miners ETF in the first quarter valued at about $26,000. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Bayban bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Princeton Global Asset Management LLC acquired a new position in VanEck Gold Miners ETF during the 1st quarter valued at about $27,000. Finally, Evolution Wealth Management Inc. acquired a new position in VanEck Gold Miners ETF during the 1st quarter valued at about $33,000.
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.
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