NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment
of large financial institutions. A total of 90 block trades were executed today,
typically at least 10,000 shares or more represent a single block unit.
Further analysis into the trading activity reveals that 511,553
shares were bought and 3,432,394 shares were sold. The bought/sold ratio for
shares of Market Vectors Gold Miners ETF is 0.15, representing a negative net cash
flow of $,110,864,235 out of the stock.
On the derivative side, a total of 64,023 put and 134,918 call contracts exchanged hands yesterday
leading to a 0.47 put/call ratio.
The last trading session witnessed a low of $37.39 and high of $38.88 during the day. Shares of Market Vectors Gold Miners ETF
slipped $1.92 (4.88%) to $37.45. The current trading volume of 36M is greater
than average volume of 13M shares. The technical momentum Relative Strength Index indicator shows oversold conditions. The stock's 52 week low is $39.08 and 52 week high is $57.91. Performance indicators show that the stock has lost -5.06% within the last week.
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