VanEck Vectors Gold Miners ETF (GDX) Short Interest Up 24.2% in January


VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 34,940,248 shares, an increase of 24.2% from the January 15th total of 28,122,286 shares. Based on an average daily trading volume, of 43,042,557 shares, the days-to-cover ratio is currently 0.8 days.


Shares of VanEck Vectors Gold Miners ETF stock opened at $22.05 on Wednesday. VanEck Vectors Gold Miners ETF has a one year low of $17.28 and a one year high of $23.31.

Several institutional investors have recently made changes to their positions in the company. Resources Investment Advisors Inc. purchased a new stake in VanEck Vectors Gold Miners ETF in the fourth quarter valued at approximately $256,000. 3EDGE Asset Management LP purchased a new stake in VanEck Vectors Gold Miners ETF in the fourth quarter valued at approximately $2,125,000. Employees Retirement System of Texas lifted its stake in VanEck Vectors Gold Miners ETF by 109.0% in the fourth quarter. Employees Retirement System of Texas now owns 974,000 shares of the exchange traded fund’s stock valued at $20,542,000 after buying an additional 508,000 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in VanEck Vectors Gold Miners ETF by 5,604.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 151,446 shares of the exchange traded fund’s stock valued at $4,456,000 after buying an additional 148,791 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in VanEck Vectors Gold Miners ETF in the fourth quarter valued at approximately $243,000.

About VanEck Vectors Gold Miners ETF

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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