Stock Traders Buy High Volume of Call Options on VanEck Gold Miners ETF (NYSEARCA:GDX)

VanEck Gold Miners ETF (NYSEARCA:GDX) was the recipient of some unusual options trading on Friday. Traders acquired 246,008 call options on the stock. This is an increase of 73% compared to the average volume of 141,907 call options.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock traded up $2.70 during mid-day trading on Friday, hitting $102.55. The company’s stock had a trading volume of 20,316,169 shares, compared to its average volume of 25,106,463. VanEck Gold Miners ETF has a 52-week low of $58.38 and a 52-week high of $117.18. The company has a market cap of $31.29 billion, a PE ratio of 21.70 and a beta of 0.65. The firm’s 50 day moving average is $80.02 and its 200 day moving average is $89.23.

Institutional Trading of VanEck Gold Miners ETF

A number of hedge funds have recently made changes to their positions in GDX. Avalon Trust Co purchased a new stake in VanEck Gold Miners ETF in the 1st quarter worth approximately $26,000. Eukles Asset Management purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $27,000. Bayban purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $27,000. Princeton Global Asset Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth $27,000. Finally, Evolution Wealth Management Inc. acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth $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.