Free Trial

VanEck Gold Miners ETF (GDX) Short Interest Ratio & Short Volume

VanEck Gold Miners ETF logo
$63.17 +1.84 (+3.00%)
Closing price 08/29/2025 04:10 PM Eastern
Extended Trading
$63.18 +0.02 (+0.02%)
As of 08/29/2025 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

VanEck Gold Miners ETF Short Interest Data

VanEck Gold Miners ETF (GDX) has a short interest of 35.36 million shares, representing 12.08% of the float (the number of shares available for trading by the public). This marks a -0.48% decrease in short interest from the previous month. The short interest ratio (days to cover) is 1.7, indicating that it would take 1.7 days of the average trading volume of 20.31 million shares to cover all short positions.

Current Short Interest
35,360,000 shares
Previous Short Interest
35,530,000 shares
Change Vs. Previous Month
-0.48%
Dollar Volume Sold Short
$1.83 billion
Short Interest Ratio
1.7 Days to Cover
Last Record Date
July 31, 2025
Outstanding Shares
292,700,000 shares
Short Percent of Float
12.08%
Today's Trading Volume
19,940,533 shares
Average Trading Volume
20,306,912 shares
Today's Volume Vs. Average
98%
Short Selling VanEck Gold Miners ETF?
A Guide To High-Short-Interest Stocks

Sign up to receive the latest short interest report for VanEck Gold Miners ETF and its competitors with MarketBeat's FREE newsletter.

Get Report
By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.
Skip Charts & View Short Interest History

GDX Short Interest Over Time

GDX Days to Cover Over Time

GDX Percentage of Float Shorted Over Time

VanEck Gold Miners ETF Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
7/31/202535,360,000 shares $1.83 billion -0.5%12.1%1.7 $51.64
7/15/202535,530,000 shares $1.83 billion -8.1%N/A1.7 $51.62
6/30/202538,670,000 shares $2.01 billion -16.6%13.0%1.7 $52.06
6/15/202546,360,000 shares $2.52 billion +23.5%15.1%2 $54.46
5/31/202537,540,000 shares $1.89 billion -12.5%12.2%1.6 $50.28
5/15/202542,910,000 shares $1.99 billion +5.4%N/A1.9 $46.49
4/30/202540,730,000 shares $2.00 billion +8.0%N/A1.8 $49.01
4/15/202537,710,000 shares $1.91 billion +2.3%N/A1.7 $50.53
3/14/202535,500,000 shares $1.55 billion +18.9%N/A2 $43.64
2/28/202529,850,000 shares $1.19 billion -9.1%N/A1.7 $39.72
2/14/202532,820,000 shares $1.35 billion +2.8%N/A1.9 $41.08
1/31/202531,930,000 shares $1.24 billion -11.2%N/A1.6 $38.96
1/15/202535,970,000 shares $1.32 billion +7.2%N/A1.8 $36.72

GDX Short Interest - Frequently Asked Questions

What is VanEck Gold Miners ETF's current short interest?

Short interest is the volume of VanEck Gold Miners ETF shares that have been sold short but have not yet been covered or closed out. As of July 31st, investors have sold 35,360,000 shares of GDX short. 12.08% of VanEck Gold Miners ETF's shares are currently sold short. Learn More on VanEck Gold Miners ETF's current short interest.

What is a good short interest ratio for VanEck Gold Miners ETF?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GDX shares currently have a short interest ratio of 2.0. Learn More on VanEck Gold Miners ETF's short interest ratio.

Which institutional investors are shorting VanEck Gold Miners ETF?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of VanEck Gold Miners ETF: Hudson Bay Capital Management LP, Wolverine Trading LLC, Nomura Holdings Inc., LMR Partners LLP, Hudson Bay Capital Management LP, Cubist Systematic Strategies LLC, BNP Paribas Financial Markets, Boothbay Fund Management LLC, Bank of America Corp DE, Jane Street Group LLC, Elliott Investment Management L.P., Hunting Hill Global Capital LLC, Lombard Odier Asset Management USA Corp, Bank of Nova Scotia, Capula Management Ltd, Marshall Wace LLP, Walleye Capital LLC, Walleye Trading LLC, Capital Fund Management S.A., Financial Advocates Investment Management, DCF Advisers LLC, Jefferies Financial Group Inc., Eisler Capital Management Ltd., Citigroup Inc., Waratah Capital Advisors Ltd., Marathon Trading Investment Management LLC, Bank of Montreal Can, FNY Investment Advisers LLC, Twin Tree Management LP, and Vontobel Holding Ltd.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for VanEck Gold Miners ETF?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 12.08% of VanEck Gold Miners ETF's floating shares are currently sold short.

Is VanEck Gold Miners ETF's short interest increasing or decreasing?

VanEck Gold Miners ETF saw a decline in short interest in July. As of July 31st, there was short interest totaling 35,360,000 shares, a decline of 0.5% from the previous total of 35,530,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does VanEck Gold Miners ETF's short interest compare to its competitors?

12.08% of VanEck Gold Miners ETF's shares are currently sold short. Here is how the short interest of companies compare to VanEck Gold Miners ETF: VanEck Junior Gold Miners ETF (8.87%), Materials Select Sector SPDR Fund (18.09%), Vanguard Materials ETF (0.59%), Global X Silver Miners ETF (2.00%), SPDR S&P Metals & Mining ETF (19.68%), Global X Copper Miners ETF (7.64%), Amplify Junior Silver Miners ETF (2.80%), iShares MSCI Global Gold Miners ETF (3.77%), Global X Lithium & Battery Tech ETF (5.86%), Direxion Daily Gold Miners Index Bull 2x Shares (4.96%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($70.87 billion), Invesco QQQ ($30.12 billion), iShares Russell 2000 ETF ($19.85 billion), iShares 20+ Year Treasury Bond ETF ($10.34 billion), Strategy Inc ($8.98 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($7.61 billion), SPDR S&P Biotech ETF ($6.81 billion), Invesco S&P 500 Equal Weight ETF ($6.14 billion), Palo Alto Networks, Inc. ($5.97 billion), and Super Micro Computer, Inc. ($5.28 billion). View all of the most shorted stocks.

What does it mean to sell short VanEck Gold Miners ETF stock?

Short selling GDX is an investing strategy that aims to generate trading profit from VanEck Gold Miners ETF as its price is falling. GDX shares are trading up $1.84 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against VanEck Gold Miners ETF?

A short squeeze for VanEck Gold Miners ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GDX, which in turn drives the price of the stock up even further.

How often is VanEck Gold Miners ETF's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GDX, twice per month. The most recent reporting period available is July, 31 2025.




This page (NYSEARCA:GDX) was last updated on 8/31/2025 by MarketBeat.com Staff
From Our Partners