VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Gap Up – What’s Next?

VanEck Gold Miners ETF (NYSEARCA:GDX)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $50.53, but opened at $52.31. VanEck Gold Miners ETF shares last traded at $52.39, with a volume of 9,124,024 shares changing hands.

VanEck Gold Miners ETF Stock Up 3.3 %

The stock has a 50 day moving average price of $43.21 and a 200 day moving average price of $39.80. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84.

Hedge Funds Weigh In On VanEck Gold Miners ETF

A number of hedge funds have recently bought and sold shares of GDX. Roxbury Financial LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth $25,000. Investors Research Corp grew its holdings in VanEck Gold Miners ETF by 57.3% during the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 251 shares in the last quarter. Eastern Bank bought a new position in VanEck Gold Miners ETF during the 4th quarter valued at $25,000. Financial Connections Group Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth $25,000. Finally, Rothschild Investment LLC increased its position in shares of VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 500 shares during the last quarter.

VanEck 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.