Short Interest in VanEck Vectors Gold Miners ETF (GDX) Declines By 12.4%

VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 34,883,483 shares, a decline of 12.4% from the November 30th total of 39,825,657 shares. Based on an average daily volume of 39,813,395 shares, the short-interest ratio is presently 0.9 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hexavest Inc. lifted its position in VanEck Vectors Gold Miners ETF by 1.3% during the 4th quarter. Hexavest Inc. now owns 9,803,102 shares of the exchange traded fund’s stock worth $227,824,000 after acquiring an additional 121,679 shares in the last quarter. Bessemer Group Inc. acquired a new position in VanEck Vectors Gold Miners ETF during the 3rd quarter worth approximately $211,361,000. Virtu Financial LLC lifted its position in VanEck Vectors Gold Miners ETF by 173.1% during the 3rd 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 in the last quarter. Graham Capital Management L.P. lifted its position in VanEck Vectors Gold Miners ETF by 137.1% during the 3rd quarter. Graham Capital Management L.P. now owns 1,541,258 shares of the exchange traded fund’s stock worth $35,387,000 after acquiring an additional 891,258 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in VanEck Vectors Gold Miners ETF by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,089,696 shares of the exchange traded fund’s stock worth $25,237,000 after acquiring an additional 127,757 shares in the last quarter.

VanEck Vectors Gold Miners ETF (NYSEARCA GDX) opened at $24.01 on Friday. The firm has a market capitalization of $7,670.00 and a PE ratio of -7.48. VanEck Vectors Gold Miners ETF has a 52 week low of $20.89 and a 52 week high of $25.71.

The company also recently disclosed an annual dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were paid a $0.176 dividend. This is a positive change from VanEck Vectors Gold Miners ETF’s previous annual dividend of $0.06. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, December 18th. VanEck Vectors Gold Miners ETF’s payout ratio is currently -5.61%.

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