Renaissance Technologies LLC Sells 61,630 Shares of VanEck Merk Gold ETF $OUNZ

Renaissance Technologies LLC lessened its stake in shares of VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 62.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,470 shares of the company’s stock after selling 61,630 shares during the period. Renaissance Technologies LLC’s holdings in VanEck Merk Gold ETF were worth $1,643,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OUNZ. Mcguire Capital Advisors Inc. bought a new position in VanEck Merk Gold ETF during the fourth quarter worth $37,000. Parallel Advisors LLC acquired a new position in shares of VanEck Merk Gold ETF during the third quarter valued at about $38,000. Mpwm Advisory Solutions LLC bought a new position in shares of VanEck Merk Gold ETF during the 3rd quarter worth about $56,000. Scarborough Advisors LLC bought a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth about $58,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of VanEck Merk Gold ETF during the 4th quarter worth about $59,000.

VanEck Merk Gold ETF Price Performance

Shares of OUNZ opened at $42.01 on Wednesday. The stock has a 50-day moving average of $39.88 and a 200-day moving average of $44.05. The company has a market cap of $2.71 billion, a PE ratio of 6.97 and a beta of 0.17. VanEck Merk Gold ETF has a one year low of $31.93 and a one year high of $53.35.

VanEck Merk Gold ETF News Roundup

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

• Positive Sentiment: Short interest declined sharply: Short interest fell 36.5% to 299,839 shares as of July 31, representing only about 0.5% of shares outstanding. The reduction in bearish positioning may ease selling pressure, although the low days-to-cover ratio limits the potential for a major short squeeze.
• Positive Sentiment: Safe-haven demand is supporting gold: Gold held near a two-month high as tensions surrounding the Strait of Hormuz increased demand for defensive assets. Persistent central-bank buying, lower real yields, expectations for easier Federal Reserve policy and geopolitical fragmentation remain longer-term tailwinds. Gold holds near two-month high as equities slip, oil rallies
• Positive Sentiment: Chinese investment demand remains strong: China’s first-half gold consumption increased 1.23% year over year to 511.41 tonnes, with investment demand offsetting weaker jewelry sales. Strong physical and investment demand could help sustain bullion prices and support OUNZ. China’s gold consumption rises in H1
• Neutral Sentiment: Technical outlook remains constructive but uncertain: Gold’s breakout reached approximately $4,435, with analysts watching support near $4,357 and potential upside toward $4,500. A sustained move above resistance could benefit OUNZ, while a failed breakout would increase near-term volatility. Gold price forecast after $4,435 high
• Negative Sentiment: Profit-taking and interest-rate uncertainty are weighing on bullion: Gold and silver retreated as investors locked in gains, Treasury yields remained elevated and markets turned cautious before Wednesday’s U.S. CPI report. Higher yields and a stronger dollar can reduce the appeal of non-yielding gold, creating near-term pressure on OUNZ. Gold and silver ease ahead of CPI

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.