VanEck Merk Gold ETF (NYSEARCA:OUNZ – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 243,869 shares, a drop of 64.8% from the September 15th total of 692,218 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 588,008 shares, the short-interest ratio is currently 0.4 days.
VanEck Merk Gold ETF Stock Down 1.5%
Shares of OUNZ stock traded down $0.60 on Wednesday, reaching $39.39. 632,586 shares of the stock were exchanged, compared to its average volume of 1,157,174. The firm has a 50 day moving average of $41.68 and a two-hundred day moving average of $42.02. The stock has a market cap of $2.65 billion, a P/E ratio of 6.97 and a beta of 0.18. VanEck Merk Gold ETF has a 1-year low of $37.69 and a 1-year high of $53.35.
Institutional Investors Weigh In On VanEck Merk Gold ETF
Several institutional investors have recently bought and sold shares of OUNZ. Virginia Estate & Retirement Planning Advisors Inc. acquired a new stake in shares of VanEck Merk Gold ETF in the third quarter worth $115,000. Fagan Associates Inc. boosted its position in shares of VanEck Merk Gold ETF by 81.5% in the third quarter. Fagan Associates Inc. now owns 28,535 shares of the company’s stock worth $1,139,000 after buying an additional 12,810 shares during the period. Terra Nova Asset Management LLC boosted its position in shares of VanEck Merk Gold ETF by 35.0% in the third quarter. Terra Nova Asset Management LLC now owns 75,190 shares of the company’s stock worth $3,000,000 after buying an additional 19,495 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of VanEck Merk Gold ETF in the third quarter valued at about $669,000. Finally, Castleview Partners LLC grew its stake in shares of VanEck Merk Gold ETF by 2.6% in the third quarter. Castleview Partners LLC now owns 50,506 shares of the company’s stock valued at $2,015,000 after buying an additional 1,301 shares in the last quarter.
Key Headlines Impacting VanEck Merk Gold ETF
- Positive Sentiment: Jefferies continues to view gold’s short-term weakness as a buying opportunity and forecasts prices could reach $5,000 in 2027. Sustained high gold prices are also supporting healthy mining-sector margins, offering a longer-term bullish backdrop for bullion-focused funds such as OUNZ. Gold’s weakness is a buying opportunity as Jefferies sees $5,000 price in 2027
- Positive Sentiment: UBP expects Treasury-yield pressures to ease and believes a potential Treasury gold revaluation, improving geopolitical conditions and reduced rate-hike expectations could revive demand for bullion later this year. U.S. Treasury’s gold revaluation could restart the debasement trade
- Neutral Sentiment: Technical analysts are monitoring the $4,000-$4,200 demand zone. Holding this area could stabilize gold, while a move above roughly $4,226 would improve the technical outlook. Gold Tests $4,200-$4,000 Demand Zone
- Negative Sentiment: September CPI exceeded expectations, lifting Treasury yields and the dollar while reviving bets on an October or year-end Fed rate hike. This raises the opportunity cost of holding gold and was the main catalyst behind the latest bullion selloff. Gold falls below $4,100 as hot CPI boosts Fed-hike bets
- Negative Sentiment: Gold is approaching technical support near $4,066, with a break potentially exposing approximately $4,028 and $3,942. Continued selling would likely weigh directly on OUNZ. Gold Price Forecast: Selling Pressure Threatens $4,066 Support
- Negative Sentiment: Kazakhstan’s plan to sell part of its gold reserves removes a source of central-bank demand and adds another near-term headwind for bullion prices. Kazakhstan plans gold sales
VanEck Merk Gold ETF Company Profile
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.
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