VanEck Merk Gold ETF (NYSEARCA:OUNZ – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 243,869 shares, a decrease of 64.8% from the September 15th total of 692,218 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 588,008 shares, the days-to-cover ratio is currently 0.4 days.
VanEck Merk Gold ETF Stock Down 0.6%
Shares of OUNZ stock traded down $0.25 during trading hours on Monday, hitting $40.05. 107,740 shares of the company’s stock were exchanged, compared to its average volume of 1,163,109. 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 P/E ratio of 6.97 and a beta of 0.18. The firm has a 50 day moving average of $41.67 and a two-hundred day moving average of $42.08.
Institutional Investors Weigh In On VanEck Merk Gold ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in OUNZ. JFS Wealth Advisors LLC acquired a new stake in shares of VanEck Merk Gold ETF in the second quarter worth approximately $31,000. Scarborough Advisors LLC purchased a new stake in shares of VanEck Merk Gold ETF during the first quarter worth approximately $58,000. Mascoma Wealth Management LLC purchased a new stake in shares of VanEck Merk Gold ETF during the first quarter worth approximately $193,000. Ethos Financial Group LLC purchased a new stake in shares of VanEck Merk Gold ETF during the first quarter worth approximately $215,000. Finally, MidFirst Bank acquired a new position in VanEck Merk Gold ETF in the 4th quarter valued at $207,000.
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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