Short Sellers Move on Gold Miner ETFs
May 01, 2013 at 10:59 AM EDT
A gold miner exchange traded fund issued new shares in what appeared to be a bullish turn for the beleaguered sector, but in reality, the new issuances fueled an influx in short selling. The Market Vectors Gold Miners ETF (NYSEArca: GDX) saw a surge in new shares as market makers created shares to...