VanEck Merk Gold ETF (NYSEARCA:OUNZ) Stock Short Interest Falls 64.8%

VanEck Merk Gold ETF (NYSEARCA:OUNZ – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 243,869 shares, a decline of 64.8% from the September 15th total of 692,218 shares. Based on an average daily volume of 588,008 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of VanEck Merk Gold ETF

Institutional investors have recently modified their holdings of the business. Asset One Wealth Management LLC acquired a new position in VanEck Merk Gold ETF during the fourth quarter worth $33,578,000. Ameritas Advisory Services LLC grew its holdings in VanEck Merk Gold ETF by 93.9% in the second quarter. Ameritas Advisory Services LLC now owns 486,660 shares of the company’s stock valued at $18,780,000 after purchasing an additional 235,673 shares during the last quarter. Virtu Financial LLC acquired a new stake in VanEck Merk Gold ETF in the fourth quarter valued at $5,093,000. Brookstone Capital Management purchased a new position in shares of VanEck Merk Gold ETF in the first quarter valued at $4,803,000. Finally, Ferguson Shapiro LLC purchased a new position in shares of VanEck Merk Gold ETF in the second quarter valued at $3,042,000.

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: Strong Chinese institutional and retail demand, supported by central-bank diversification and weakness in local property and equity markets, could help establish a floor under gold prices. Why China is importing a record amount of gold — and what it means for prices
• Positive Sentiment: Gold-backed ETF demand remained resilient, with investors reportedly allocating $31 billion during the third quarter, indicating continued strategic interest despite rising yields and a stronger dollar. Gold ETF demand defies rising bond yields as investors pour $31 billion into record third quarter – WGC
• Neutral Sentiment: Gold initially benefited from a softer dollar, lower Treasury yields and retreating oil prices, but traders reduced exposure ahead of the next U.S. inflation reading, leaving the near-term direction dependent on CPI data and Fed expectations. Gold firms as dollar, yields and oil retreat before CPI – Kitco AM Report
• Negative Sentiment: Gold and silver weakened later in the session as front-end yields stayed firm and the risk of a December Fed rate hike encouraged investors to wait for inflation data. Higher yields increase the opportunity cost of holding non-yielding gold. Metals weaken as front-end yields, Hormuz risk offset softer dollar – Kitco PM Report
• Negative Sentiment: Kazakhstan’s plan to sell part of its substantial gold reserves could remove a source of central-bank demand, while analysts continue to identify elevated bond yields, a firm dollar and technical resistance as barriers to a sustained recovery. Kazakhstan plans gold sales as holdings reach 78% of reserves

VanEck Merk Gold ETF Price Performance

NYSEARCA OUNZ traded down $0.07 on Tuesday, hitting $39.99. 395,880 shares of the company’s stock were exchanged, compared to its average volume of 1,159,850. The firm’s 50-day moving average price is $41.71 and its two-hundred day moving average price is $42.03. VanEck Merk Gold ETF has a fifty-two week low of $37.69 and a fifty-two week high of $53.35. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 6.97 and a beta of 0.18.

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.

See Also

• Five stocks we like better than VanEck Merk Gold ETF
• A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
• Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
• Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs

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.