In confirmation of the intensity with which GDX is currently trading, or with which sellers are attempting to punish the ETF, the fund’s trailing three-month average volume is about two and a half times that of the iShares MSCI EAFE ETF (NYSEArca: EFA) and more than double that of the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO).

GDX now ranks near the top-10 ETFs in terms of daily notional volume at close to an average of $1 billion per day.

Market Vectors Gold Miners ETF

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD and EFA.