Investors Sell Shares of VanEck Vectors Gold Miners ETF (GDX) on Strength (GDX)

Traders sold shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on strength during trading on Wednesday. $107.65 million flowed into the stock on the tick-up and $480.20 million flowed out of the stock on the tick-down, for a money net flow of $372.55 million out of the stock. Of all equities tracked, VanEck Vectors Gold Miners ETF had the 0th highest net out-flow for the day. VanEck Vectors Gold Miners ETF traded up $0.59 for the day and closed at $21.86

The stock has a market capitalization of $7,620.00 and a P/E ratio of -6.70.

Several hedge funds have recently made changes to their positions in GDX. G&S Capital LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the fourth quarter valued at about $139,000. Advantage Investment Management LLC boosted its stake in shares of VanEck Vectors Gold Miners ETF by 581.3% during the third quarter. Advantage Investment Management LLC now owns 6,527 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 5,569 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the fourth quarter valued at about $177,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of VanEck Vectors Gold Miners ETF during the third quarter valued at about $199,000. Finally, White Lighthouse Investment Management Inc. acquired a new position in shares of VanEck Vectors Gold Miners ETF in the fourth quarter worth approximately $225,000.

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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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