VanEck Vectors Gold Miners ETF (GDX) Sees Significant Growth in Short Interest

VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) saw a large growth in short interest during 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 trading volume of 28,099,576 shares, the short-interest ratio is presently 1.6 days.

Shares of VanEck Vectors Gold Miners ETF (NYSEARCA GDX) opened at $24.01 on Monday. VanEck Vectors Gold Miners ETF has a fifty-two week low of $20.89 and a fifty-two week high of $25.71. The stock has a market cap of $7,670.00 and a price-to-earnings ratio of -7.48.

The business also recently disclosed an annual dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.176 per share. This is an increase 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%.

Several hedge funds and other institutional investors have recently bought and sold shares of GDX. Hexavest Inc. lifted its stake in VanEck Vectors Gold Miners ETF by 1.3% in the fourth quarter. Hexavest Inc. now owns 9,803,102 shares of the exchange traded fund’s stock worth $227,824,000 after purchasing an additional 121,679 shares during the last quarter. Bessemer Group Inc. bought a new stake in VanEck Vectors Gold Miners ETF in the third quarter worth $211,361,000. Virtu Financial LLC lifted its stake in VanEck Vectors Gold Miners ETF by 173.1% in the third quarter. Virtu Financial LLC now owns 2,755,966 shares of the exchange traded fund’s stock worth $60,486,000 after purchasing an additional 1,746,823 shares during the last quarter. Graham Capital Management L.P. lifted its stake in VanEck Vectors Gold Miners ETF by 137.1% in the third quarter. Graham Capital Management L.P. now owns 1,541,258 shares of the exchange traded fund’s stock worth $35,387,000 after purchasing an additional 891,258 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in VanEck Vectors Gold Miners ETF by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 1,089,696 shares of the exchange traded fund’s stock worth $25,237,000 after purchasing an additional 127,757 shares during the last quarter.

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