What’s Next for Vaneck Vectors Gold Miners Etf (NYSEARCA:GDX) After Having More Shares Shorted?

April 17, 2018 - By Vivian Currie

The stock of Vaneck Vectors Gold Miners Etf (NYSEARCA:GDX) registered an increase of 4.29% in short interest. GDX’s total short interest was 39.78 million shares in April as published by FINRA. Its up 4.29% from 38.14 million shares, reported previously. With 46.68 million shares average volume, it will take short sellers 1 days to cover their GDX’s short positions.

The ETF increased 0.39% or $0.09 during the last trading session, reaching $22.89. About 9.81 million shares traded. VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) has declined 6.15% since April 17, 2017 and is downtrending. It has underperformed by 17.70% the S&P500.

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