VanEck Vectors Gold Miners ETF (GDX) Short Interest Update

VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) saw a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 45,284,168 shares, a growth of 29.8% from the December 15th total of 34,883,483 shares. Based on an average daily volume of 28,099,576 shares, the short-interest ratio is presently 1.6 days.

Shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) remained flat at $$21.68 on Friday. 37,200,000 shares of the stock traded hands. VanEck Vectors Gold Miners ETF has a 52 week low of $20.83 and a 52 week high of $25.58. The firm has a market capitalization of $6,700.00 and a price-to-earnings ratio of -6.75.

Several institutional investors and hedge funds have recently made changes to their positions in GDX. Oppenheimer Asset Management Inc. increased its position in shares of VanEck Vectors Gold Miners ETF by 3.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,558 shares of the exchange traded fund’s stock valued at $101,000 after acquiring an additional 171 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of VanEck Vectors Gold Miners ETF by 13.6% in the second quarter. Ameriprise Financial Inc. now owns 646,191 shares of the exchange traded fund’s stock valued at $13,393,000 after purchasing an additional 77,535 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of VanEck Vectors Gold Miners ETF by 120.0% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 108,092 shares of the exchange traded fund’s stock valued at $2,386,000 after purchasing an additional 58,960 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of VanEck Vectors Gold Miners ETF by 3.4% in the second quarter. PNC Financial Services Group Inc. now owns 36,909 shares of the exchange traded fund’s stock valued at $814,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of VanEck Vectors Gold Miners ETF by 16.5% in the second quarter. Harvest Fund Management Co. Ltd now owns 11,663 shares of the exchange traded fund’s stock valued at $258,000 after purchasing an additional 1,652 shares in the last quarter.

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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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