Investors Buy High Volume of Call Options on Market Vectors Gold Miners ETF (GDX)

Market Vectors Gold Miners ETF (NYSE:GDX) was the target of some unusual options trading activity on Wednesday. Investors purchased 15,908 call options on the stock. This represents an increase of 141% compared to the typical volume of 6,601 call options.

Shares of Market Vectors Gold Miners ETF (NYSE:GDX) opened at 22.25 on Wednesday. Market Vectors Gold Miners ETF has a 12 month low of $18.58 and a 12 month high of $31.79. The firm’s 50-day moving average is $22.16 and its 200 day moving average is $22.89.

A number of hedge funds and other institutional investors have recently bought and sold shares of GDX. SG Americas Securities LLC increased its position in Market Vectors Gold Miners ETF by 245.9% in the second quarter. SG Americas Securities LLC now owns 694,682 shares of the exchange traded fund’s stock valued at $15,339,000 after buying an additional 1,170,750 shares during the last quarter. Lockheed Martin Investment Management Co. acquired a new position in Market Vectors Gold Miners ETF during the second quarter valued at $3,312,000. Airain ltd acquired a new position in Market Vectors Gold Miners ETF during the second quarter valued at $1,225,000. Verger Capital Management LLC increased its position in Market Vectors Gold Miners ETF by 24.9% in the second quarter. Verger Capital Management LLC now owns 270,610 shares of the exchange traded fund’s stock valued at $5,975,000 after buying an additional 54,000 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Market Vectors Gold Miners ETF by 21.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 298,878 shares of the exchange traded fund’s stock valued at $6,599,000 after buying an additional 53,278 shares during the last quarter.

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