VanEck Merk Gold ETF (NYSEARCA:OUNZ) Sees Large Decrease in Short Interest

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 304,392 shares, a decline of 41.5% from the January 15th total of 520,450 shares. Based on an average trading volume of 5,584,256 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 5,584,256 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OUNZ. CWM LLC lifted its stake in shares of VanEck Merk Gold ETF by 2.8% in the 3rd quarter. CWM LLC now owns 9,031 shares of the company’s stock worth $336,000 after acquiring an additional 250 shares during the period. Stephens Inc. AR raised its holdings in VanEck Merk Gold ETF by 4.2% during the fourth quarter. Stephens Inc. AR now owns 7,060 shares of the company’s stock worth $293,000 after purchasing an additional 285 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in VanEck Merk Gold ETF by 0.9% in the third quarter. Mayflower Financial Advisors LLC now owns 37,425 shares of the company’s stock worth $1,392,000 after purchasing an additional 335 shares during the period. Kingswood Wealth Advisors LLC lifted its position in VanEck Merk Gold ETF by 3.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,843 shares of the company’s stock worth $408,000 after purchasing an additional 364 shares during the period. Finally, Traphagen Investment Advisors LLC boosted its stake in VanEck Merk Gold ETF by 6.2% during the 4th quarter. Traphagen Investment Advisors LLC now owns 6,678 shares of the company’s stock valued at $277,000 after purchasing an additional 392 shares in the last quarter.

Trending Headlines about VanEck Merk Gold ETF

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VanEck Merk Gold ETF Price Performance

OUNZ traded up $1.17 during trading hours on Friday, hitting $48.44. 1,164,964 shares of the stock were exchanged, compared to its average volume of 3,086,802. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 6.97 and a beta of 0.08. The stock has a 50-day simple moving average of $44.58 and a 200-day simple moving average of $39.38. VanEck Merk Gold ETF has a 12 month low of $27.32 and a 12 month high of $53.35.

About VanEck Merk Gold ETF

(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.

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