Short Interest in VanEck Merk Gold ETF (NYSEARCA:OUNZ) Declines By 41.5%

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

Hedge Funds Weigh In On VanEck Merk Gold ETF

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

More VanEck Merk Gold ETF News

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

VanEck Merk Gold ETF Price Performance

Shares of OUNZ traded up $1.17 on Friday, reaching $48.44. The company’s stock had a trading volume of 1,164,964 shares, compared to its average volume of 3,086,802. The stock’s 50 day simple moving average is $44.58 and its two-hundred day simple moving average is $39.44. The stock has a market capitalization of $3.02 billion, a P/E ratio of 6.97 and a beta of 0.08. 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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