VanEck Merk Gold ETF (NYSEARCA:OUNZ) Short Interest Update

VanEck Merk Gold ETF (NYSEARCA:OUNZ – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 682,990 shares, a growth of 77.1% from the August 15th total of 385,725 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 743,029 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of VanEck Merk Gold ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Waverly Advisors LLC acquired a new position in VanEck Merk Gold ETF during the second quarter worth about $328,000. Tucker Asset Management LLC boosted its position in shares of VanEck Merk Gold ETF by 106.3% during the 2nd quarter. Tucker Asset Management LLC now owns 26,819 shares of the company’s stock valued at $1,035,000 after purchasing an additional 13,818 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of VanEck Merk Gold ETF by 93.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 486,660 shares of the company’s stock worth $18,780,000 after purchasing an additional 235,673 shares during the last quarter. Morling Financial Advisors LLC bought a new stake in shares of VanEck Merk Gold ETF in the 2nd quarter worth approximately $272,000. Finally, Continuum Advisory LLC raised its holdings in shares of VanEck Merk Gold ETF by 57.7% in the 2nd quarter. Continuum Advisory LLC now owns 43,369 shares of the company’s stock worth $1,674,000 after purchasing an additional 15,866 shares in the last quarter.

Get VanEck Merk Gold ETF alerts:

VanEck Merk Gold ETF News Roundup

Here are the key news stories impacting VanEck Merk Gold ETF this week:

• Positive Sentiment: Gold advanced as a softer U.S. dollar, lower crude-oil prices and retreating Treasury yields reduced pressure on non-yielding precious metals. Falling oil prices may also ease inflation concerns and limit the need for more aggressive rate increases. Gold price rebounds above $4,340 as lower oil eases rate pressure
• Positive Sentiment: Safe-haven demand remains supportive as U.S. housing starts and building permits weakened in August, reinforcing concerns about the health of the economy. Gold also held firm despite stronger-than-expected jobless-claims and manufacturing data. Gold price near high after U.S. housing data
• Positive Sentiment: Investor demand for gold ETFs has surged across North America, providing a favorable flow backdrop for gold-linked funds such as OUNZ. North American Gold ETF Buying Jumped
• Neutral Sentiment: Technical analysts identify $4,381 as an important breakout level, with a move above it potentially opening a path toward $4,973. However, momentum remains dependent on continued declines in yields and follow-through from buyers. Gold Forecast: $4,381 Breakout Could Open Path to $4,973
• Negative Sentiment: The Federal Reserve raised rates by 25 basis points, and 16 of 18 policymakers reportedly expect another increase in 2026. Higher rates and the resulting yield support could cap gold’s upside by raising the opportunity cost of holding bullion. Gold price drops after Federal Reserve rate hike

VanEck Merk Gold ETF Price Performance

Shares of NYSEARCA OUNZ traded up $0.71 during mid-day trading on Thursday, reaching $41.75. 423,454 shares of the company traded hands, compared to its average volume of 1,230,071. VanEck Merk Gold ETF has a fifty-two week low of $34.94 and a fifty-two week high of $53.35. The firm has a market cap of $2.69 billion, a PE ratio of 6.97 and a beta of 0.19. The stock has a fifty day simple moving average of $41.19 and a 200-day simple moving average of $42.92.

VanEck Merk Gold ETF Company Profile

(Get Free Report)

The VanEck Merk Gold Trust (OUNZ) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses, using gold bars and coins held in London vaults. Investors can redeem their shares for gold in increments of 1 troy oz. OUNZ was launched on May 16, 2014 and is managed by VanEck.

Featured Stories

• Five stocks we like better than VanEck Merk Gold ETF
• Aeluma’s Selloff Could Be Setting Up Its Next Big Move
• Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
• The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
• The Fed’s Rate Hike Could Backfire If Oil Prices Collapse

Receive News & Ratings for VanEck Merk Gold ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Merk Gold ETF and related companies with MarketBeat.com's FREE daily email newsletter.