VanEck Merk Gold ETF (NYSEARCA:OUNZ) Short Interest Down 36.5% in July

VanEck Merk Gold ETF (NYSEARCA:OUNZ) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 299,839 shares, a decline of 36.5% from the July 15th total of 472,069 shares. Based on an average daily trading volume, of 577,686 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Merk Gold ETF

Several hedge funds and other institutional investors have recently made changes to their positions in OUNZ. NewEdge Advisors LLC increased its stake in shares of VanEck Merk Gold ETF by 22.2% in the first quarter. NewEdge Advisors LLC now owns 19,293 shares of the company’s stock worth $581,000 after purchasing an additional 3,508 shares during the period. Focus Partners Wealth acquired a new stake in VanEck Merk Gold ETF in the 1st quarter valued at approximately $653,000. XTX Topco Ltd acquired a new stake in VanEck Merk Gold ETF in the 2nd quarter valued at approximately $202,000. Main Street Financial Solutions LLC bought a new position in VanEck Merk Gold ETF in the 2nd quarter worth approximately $1,290,000. Finally, Raymond James Financial Inc. increased its position in VanEck Merk Gold ETF by 38.4% in the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after buying an additional 219,422 shares during the period.

VanEck Merk Gold ETF News Roundup

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

• Positive Sentiment: Long-term bullish outlook remains intact. The World Gold Council said gold has unique diversification benefits and supply-demand characteristics, supporting its role as a strategic portfolio allocation. Gold performs like nothing else in the commodity complex
• Positive Sentiment: Analysts continue to expect higher prices. Wells Fargo reiterated its positive precious-metals outlook and maintained a $4,900 gold target for 2026, citing lower rate-hike expectations, Asian investor demand and continued central-bank buying. Wells Fargo reiterates positive outlook for precious metals
• Positive Sentiment: Safe-haven demand from Iran-related tensions, fiscal concerns, dollar weakness and expectations that the Federal Reserve may avoid another rate hike continue to provide underlying support for gold. Fed Minutes Loom as Iran Risks Support Metals

VanEck Merk Gold ETF Price Performance

Shares of NYSEARCA OUNZ traded down $0.73 during trading hours on Tuesday, hitting $41.75. 456,641 shares of the stock were exchanged, compared to its average volume of 1,293,673. VanEck Merk Gold ETF has a one year low of $31.93 and a one year high of $53.35. The company’s 50 day moving average is $39.89 and its 200 day moving average is $43.80. The firm has a market capitalization of $2.69 billion, a P/E ratio of 6.97 and a beta of 0.17.

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.