The VanEck Gold Miners ETF (GDX) experienced an outflow of approximately $337.3 million this week, marking a 1.2% decrease in shares outstanding from 308,452,500 to 304,802,500. This reduction occurred in the week leading up to October 2023.
Key underlying assets showed positive performance during this period, with Agnico Eagle Mines Ltd (AEM) rising about 3%, Barrick Mining Corp (B) increasing by 3.2%, and AngloGold Ashanti plc (AU) up by 3.6%. Over the past year, GDX has traded between a low of $45.10 and a high of $117.175, with the latest trade recorded at $95.71.
Investors should note that significant outflows like this can influence the holdings within the ETF as underlying assets may need to be sold.
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