Traders Buy Shares of VanEck Vectors Gold Miners ETF (GDX) on Weakness

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Investors purchased shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) on weakness during trading on Monday. $231.47 million flowed into the stock on the tick-up and $43.37 million flowed out of the stock on the tick-down, for a money net flow of $188.10 million into the stock. Of all stocks tracked, VanEck Vectors Gold Miners ETF had the 2nd highest net in-flow for the day. VanEck Vectors Gold Miners ETF traded down ($0.26) for the day and closed at $22.08

Several hedge funds have recently made changes to their positions in GDX. Millennium Management LLC lifted its stake in shares of VanEck Vectors Gold Miners ETF by 102.0% during the 2nd quarter. Millennium Management LLC now owns 127,037 shares of the exchange traded fund’s stock valued at $2,834,000 after buying an additional 6,553,497 shares in the last quarter. Schroder Investment Management Group purchased a new stake in VanEck Vectors Gold Miners ETF in the 2nd quarter worth approximately $395,000. Parkside Investments LLC lifted its stake in VanEck Vectors Gold Miners ETF by 50.0% in the 3rd quarter. Parkside Investments LLC now owns 30,000 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 10,000 shares in the last quarter. Jolley Asset Management LLC lifted its stake in VanEck Vectors Gold Miners ETF by 411.3% in the 3rd quarter. Jolley Asset Management LLC now owns 13,550 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in VanEck Vectors Gold Miners ETF by 42.3% in the 3rd quarter. Simplex Trading LLC now owns 174,407 shares of the exchange traded fund’s stock worth $3,230,000 after purchasing an additional 51,868 shares in the last quarter.

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About VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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.

Read More: Market Capitalization and Individual Investors

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