VanEck Merk Gold ETF (NYSEARCA:OUNZ) Short Interest Update

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 460,074 shares, a growth of 23.5% from the December 15th total of 372,627 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 911,296 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 911,296 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the company’s shares are short sold.

Trending Headlines about VanEck Merk Gold ETF

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Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OUNZ. Stratos Wealth Partners LTD. boosted its holdings in shares of VanEck Merk Gold ETF by 5.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 93,101 shares of the company’s stock worth $3,862,000 after buying an additional 5,041 shares during the last quarter. Abacus Planning Group Inc. raised its position in VanEck Merk Gold ETF by 76.2% in the fourth quarter. Abacus Planning Group Inc. now owns 12,818 shares of the company’s stock worth $532,000 after acquiring an additional 5,544 shares during the period. DiNuzzo Private Wealth Inc. raised its position in VanEck Merk Gold ETF by 7.0% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 27,160 shares of the company’s stock worth $1,127,000 after acquiring an additional 1,770 shares during the period. Euro Pacific Asset Management LLC boosted its stake in VanEck Merk Gold ETF by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 398,070 shares of the company’s stock valued at $16,574,000 after acquiring an additional 3,533 shares during the last quarter. Finally, Wealth Quarterback LLC grew its position in shares of VanEck Merk Gold ETF by 33.3% during the 4th quarter. Wealth Quarterback LLC now owns 20,774 shares of the company’s stock valued at $862,000 after acquiring an additional 5,191 shares during the period.

VanEck Merk Gold ETF Stock Up 3.8%

Shares of NYSEARCA OUNZ opened at $45.78 on Wednesday. VanEck Merk Gold ETF has a 12-month low of $26.33 and a 12-month high of $45.88. The firm has a market cap of $2.74 billion, a PE ratio of 6.97 and a beta of 0.08. The company’s fifty day simple moving average is $41.63 and its 200 day simple moving average is $37.47.

VanEck Merk Gold ETF Company Profile

(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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