Investors Buy Large Volume of Call Options on VanEck Gold Miners ETF (NYSEARCA:GDX)

On December 21, 2024, the VanEck Gold Miners ETF (NYSEARCA:GDX) experienced a significant surge in options trading. Investors purchased 336,363 call options for the ETF, marking a remarkable 147% increase when compared to the average volume of 136,187 call options.

Institutional Investors Adjust Holdings

In recent months, several institutional investors have been active in altering their holdings of the GDX. Beacon Capital Management LLC increased its investment in the VanEck Gold Miners ETF by a substantial 202.4% during the second quarter. The firm now holds 747 shares of the ETF, valued at approximately $25,000, after acquiring an additional 500 shares in the last quarter.

Similarly, Cedar Wealth Management LLC boosted its stake in GDX by 63.4% in the second quarter, bringing its total share count to 874, which is estimated to be worth $30,000 following the purchase of 339 additional shares.

Aptus Capital Advisors LLC also enhanced its position in GDX by 53.0% in the third quarter, now owning 950 shares valued at around $38,000 after purchasing 329 more shares.

Eagle Bay Advisors LLC significantly increased its holdings of the ETF by 95.8% during the second quarter, now owning 1,175 shares worth approximately $40,000 after acquiring an additional 575 shares in the previous quarter. Furthermore, Studio Investment Management LLC raised its position in GDX by 51.4% during the same quarter, now holding 1,202 shares valued at $41,000 after buying 408 more shares.

Market Performance of VanEck Gold Miners ETF

The VanEck Gold Miners ETF opened trading at $34.73 on Friday. It has a market capitalization of $13.88 billion, a price-to-earnings (P/E) ratio of 28.03, and a beta of 0.85. The fund's 50-day moving average stands at $38.72, while its 200-day moving average is $37.72. Over the past year, the ETF has reached a low of $25.67 and a high of $44.22.

Overview of VanEck Gold Miners ETF

The VanEck Gold Miners ETF aims to closely track the price and yield performance of the AMEX Gold Miners Index. By adopting a passive or indexing investment strategy, the fund attempts to mirror the performance of the index by investing in a portfolio of stocks that essentially replicates its structure.

Investors, Options, Trading