GDX Ownership Down by 23.14% from One Year Ago

Vaneck Gold Miners ETF (GDX) has seen its shares outstanding decline by 23.14% from one year ago from 426.75 million down to 328 million.

Vaneck Junior Gold Miners ETF (GDXJ) has seen its shares outstanding decline by 20.29% from one year ago from 118.54 million down to 94.49 million.

This is the largest one-year decline in GDX and GDXJ ownership in history... yet GDX and GDXJ are the top two largest gaining non-leveraged ETFs of 2025 year-to-date due to hedge fund managers making a comeback over "passive" investing and loading up on individual gold mining stocks and soon gold exploration stocks.

Poorly educated retail investors see this as an opportunity to get out of GDX and GDXJ after they have underperformed for so long not recognizing these are the only undervalued stocks in the market and we are at the beginning of a new decade long bull market in resource companies. They are buying VOO on the dip and will soon get wiped out! There are many small-cap gold/silver explorers that are about to 5-10x in value in the upcoming months after retail investors begin chasing the momentum upward!