VanEck Vectors Gold Miners ETF (GDX) Short Interest Up 22.3% in June

VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 38,513,485 shares, a growth of 22.3% from the May 31st total of 31,487,542 shares. Based on an average daily volume of 27,588,593 shares, the short-interest ratio is presently 1.4 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CMT Trading LLC raised its stake in shares of VanEck Vectors Gold Miners ETF by 39.8% during the 4th quarter. CMT Trading LLC now owns 20,746 shares of the exchange traded fund’s stock worth $482,000 after purchasing an additional 5,906 shares during the period. Quantitative Investment Management LLC increased its holdings in VanEck Vectors Gold Miners ETF by 69.3% in the 4th quarter. Quantitative Investment Management LLC now owns 2,947,300 shares of the exchange traded fund’s stock worth $68,495,000 after acquiring an additional 1,206,600 shares during the last quarter. G&S Capital LLC purchased a new stake in VanEck Vectors Gold Miners ETF in the 4th quarter worth about $139,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in VanEck Vectors Gold Miners ETF by 41.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 181,302 shares of the exchange traded fund’s stock worth $4,213,000 after acquiring an additional 53,505 shares during the last quarter. Finally, Marathon Trading Investment Management LLC increased its holdings in VanEck Vectors Gold Miners ETF by 279.9% in the 4th quarter. Marathon Trading Investment Management LLC now owns 137,133 shares of the exchange traded fund’s stock worth $3,187,000 after acquiring an additional 101,033 shares during the last quarter.

VanEck Vectors Gold Miners ETF opened at $22.31 on Friday, according to MarketBeat Ratings. VanEck Vectors Gold Miners ETF has a one year low of $20.83 and a one year high of $25.58.

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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