Market Vectors Gold Miners ETF (NYSE:GDX) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 70,486,326 shares, a growth of 5.2% from the July 31st total of 67,021,103 shares. Based on an average trading volume of 38,389,258 shares, the short-interest ratio is currently 1.8 days.

Market Vectors Gold Miners ETF (NYSE:GDX) opened at 24.78 on Friday. The stock’s 50 day moving average is $22.93 and its 200 day moving average is $22.79. Market Vectors Gold Miners ETF has a 52-week low of $18.58 and a 52-week high of $28.70.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Key Square Capital Management LLC bought a new position in Market Vectors Gold Miners ETF during the second quarter valued at about $52,352,000. Commerzbank Aktiengesellschaft FI raised its position in Market Vectors Gold Miners ETF by 46.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,098,709 shares of the exchange traded fund’s stock valued at $24,259,000 after buying an additional 347,639 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Market Vectors Gold Miners ETF during the second quarter valued at about $20,314,000. SG Americas Securities LLC raised 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 in the last quarter. Finally, Graham Capital Management L.P. raised its position in Market Vectors Gold Miners ETF by 550.0% in the second quarter. Graham Capital Management L.P. now owns 650,000 shares of the exchange traded fund’s stock valued at $14,352,000 after buying an additional 550,000 shares in the last quarter.

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