The VanEck Gold Miners ETF (GDX) experienced approximately $335 million in outflows this week, marking a 1.1% decrease in shares outstanding from 304,052,500 to 300,602,500. Key components contributing to this decline include Newmont Corp (NEM), which is down 3.9%, Agnico Eagle Mines Ltd (AEM) at -3.6%, and Barrick Mining Corp (B) off 4%.
Currently, GDX trades at $93.09, with a 52-week low of $67.255 and a high of $117.175. The changes in shares outstanding indicate notable selling pressure, which may affect the underlying assets held within the ETF.
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