VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 35,550,683 shares, a growth of 12.8% from the August 15th total of 31,511,322 shares. Based on an average daily trading volume, of 53,290,775 shares, the days-to-cover ratio is currently 0.7 days.

Large investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors purchased a new stake in VanEck Vectors Gold Miners ETF in the first quarter worth $109,000. Horan Capital Advisors LLC. purchased a new stake in VanEck Vectors Gold Miners ETF in the second quarter worth $109,000. Centaurus Financial Inc. purchased a new stake in VanEck Vectors Gold Miners ETF in the second quarter worth $114,000. Transamerica Financial Advisors Inc. purchased a new position in shares of VanEck Vectors Gold Miners ETF in the first quarter valued at $178,000. Finally, Robinson Value Management Ltd. purchased a new position in shares of VanEck Vectors Gold Miners ETF in the second quarter valued at $179,000.

NYSEARCA:GDX opened at $18.43 on Wednesday. VanEck Vectors Gold Miners ETF has a 1 year low of $17.28 and a 1 year high of $24.86.

VanEck Vectors 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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