Today were published Market Vectors Gold Miners ETF (NYSEARCA:GDX)‘s daily net flows. The ETF registered $383.68M asset inflows for 3.54% increase, reaching $11236.82M after yestarday’s trading session. The chart of Market Vectors Gold Miners ETF shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.77% or $0.18 during the last trading session, hitting $23.58. Market Vectors Gold Miners ETF (NYSEARCA:GDX) has risen 18.97% since March 3, 2016 and is uptrending. It has outperformed by 10.63% the S&P500.
The ETF’s YTD performance is 85.79%, the 1 year is 82.17% and the 3 year is -2.44%.
The ETF’s average P/E ratio is 25.5, the price to book is 1.53, the price to sales is 2.7 and the price to cashflow is 7.85. Market Vectors Gold Miners ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Newmont Mining Corporation for 9.87% of assets, BARRICK GOLD CORPORATION for 9.79%, Goldcorp Inc for 6.13%, Newcrest Mining Ltd for 6.04%, FRANCO-NEVADA CORPORATION for 6.02%, AGNICO EAGLE MINES LIMITED for 5.45%, SILVER WHEATON CORP. for 5.45%, RANDGOLD RESOURCES LD ADS (EACH for 4.49%, Anglogold Ashanti Ltd ADR for 3.43%, Kinross Gold Corp for 2.62%. The ETF sector weights are: Basic Materials 100.00%. The ETF currently as 0% yield.
More notable recent Market Vectors Gold Miners ETF (NYSEARCA:GDX) news were published by: Etfdailynews.com which released: “More Selling Ahead for Gold Miners?” on October 05, 2016, also Seekingalpha.com with their article: “Why GDX Is A Buy Now” published on October 04, 2016, Etfdailynews.com published: “Gold Miners’ Struggles Likely to Continue in October” on October 02, 2016. More interesting news about Market Vectors Gold Miners ETF (NYSEARCA:GDX) were released by: Etfdailynews.com and their article: “Oversold Gold Mining Index Presents Buying Opportunity” published on September 28, 2016 as well as Etfdailynews.com‘s news article titled: “Gold Stocks Are Looking Good Right Now” with publication date: September 26, 2016.
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