Could Vaneck Vectors Gold Miners Etf (NYSEARCA:GDX) Change Direction After More Shorts?

September 14, 2018 - By Palma Niemeyer

The stock of Vaneck Vectors Gold Miners Etf (NYSEARCA:GDX) registered an increase of 12.82% in short interest. GDX’s total short interest was 35.55 million shares in September as published by FINRA. Its up 12.82% from 31.51M shares, reported previously. With 53.29M shares average volume, it will take short sellers 1 days to cover their GDX’s short positions.

The ETF decreased 0.33% or $0.06 during the last trading session, reaching $18.03. About 11.98M shares traded. VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) has declined 26.59% since September 14, 2017 and is downtrending. It has underperformed by 42.21% the S&P500.

More notable recent VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) news were published by: Seekingalpha.com which released: “Gold Miners’ Q2’18 Fundamentals” on August 18, 2018, also Etftrends.com with their article: “What’s Next for Gold Miners ETFs?” published on August 23, 2018, Seekingalpha.com published: “Precious Metals Equities Are Potentially Capitulating” on August 17, 2018. More interesting news about VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) were released by: Etftrends.com and their article: “Change of Season Could Change Gold’s Fortunes” published on September 11, 2018 as well as Etftrends.com‘s news article titled: “Gold Miners ETFs Are Getting Torched” with publication date: August 16, 2018.

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