Traders Purchase Large Volume of VanEck Gold Miners ETF Put Options (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of some unusual options trading activity on Monday. Traders acquired 353,308 put options on the stock. This is an increase of 78% compared to the average daily volume of 197,942 put options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Tradewinds LLC. bought a new stake in VanEck Gold Miners ETF during the third quarter worth $1,568,000. Ethos Financial Group LLC bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter valued at approximately $309,000. American National Bank & Trust bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $68,000. Catalyst Funds Management Pty Ltd purchased a new position in VanEck Gold Miners ETF in the second quarter valued at approximately $10,277,000. Finally, Brookwood Investment Group LLC increased its position in VanEck Gold Miners ETF by 46.3% in the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock worth $1,562,000 after buying an additional 6,472 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $107.02 on Monday. The business has a 50-day simple moving average of $87.25 and a 200 day simple moving average of $73.63. The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a one year low of $36.85 and a one year high of $107.62.

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.