VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 36,039,899 shares, a drop of 24.6% from the October 13th total of 47,824,399 shares. Based on an average daily volume of 36,540,095 shares, the short-interest ratio is presently 1.0 days.

Shares of VanEck Vectors Gold Miners ETF (NYSEARCA GDX) opened at $22.79 on Friday. VanEck Vectors Gold Miners ETF has a 52 week low of $18.58 and a 52 week high of $25.71.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of VanEck Vectors Gold Miners ETF by 9.4% in the third quarter. Cetera Investment Advisers now owns 47,800 shares of the exchange traded fund’s stock valued at $1,092,000 after purchasing an additional 4,125 shares during the period. Yellowstone Partners LLC acquired a new position in VanEck Vectors Gold Miners ETF during the third quarter worth about $258,000. Wealthcare Advisory Partners LLC acquired a new position in VanEck Vectors Gold Miners ETF during the third quarter worth about $231,000. Virtu Financial LLC raised its position in VanEck Vectors Gold Miners ETF by 173.1% during the third quarter. Virtu Financial LLC now owns 2,755,966 shares of the exchange traded fund’s stock worth $60,486,000 after acquiring an additional 1,746,823 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in VanEck Vectors Gold Miners ETF by 12.0% during the third quarter. Janney Montgomery Scott LLC now owns 76,412 shares of the exchange traded fund’s stock worth $1,754,000 after acquiring an additional 8,181 shares during the last quarter.

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