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

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 63,943 shares, a drop of 19.2% from the February 12th total of 79,178 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,052,767 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 1,052,767 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Merk Gold ETF

A number of hedge funds have recently made changes to their positions in OUNZ. LPL Financial LLC grew its stake in shares of VanEck Merk Gold ETF by 10.0% during the 4th quarter. LPL Financial LLC now owns 3,190,689 shares of the company’s stock valued at $132,350,000 after buying an additional 290,206 shares during the period. Van ECK Associates Corp boosted its holdings in VanEck Merk Gold ETF by 26.7% in the fourth quarter. Van ECK Associates Corp now owns 1,844,154 shares of the company’s stock valued at $76,496,000 after acquiring an additional 388,131 shares during the last quarter. Cetera Investment Advisers grew its position in VanEck Merk Gold ETF by 2.5% during the second quarter. Cetera Investment Advisers now owns 1,697,363 shares of the company’s stock valued at $54,129,000 after acquiring an additional 41,299 shares during the period. Envestnet Asset Management Inc. increased its stake in VanEck Merk Gold ETF by 11.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,024,698 shares of the company’s stock worth $38,109,000 after acquiring an additional 105,657 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of VanEck Merk Gold ETF by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 798,267 shares of the company’s stock worth $29,689,000 after purchasing an additional 27,398 shares during the period.

VanEck Merk Gold ETF Price Performance

Shares of OUNZ stock opened at $48.26 on Friday. The firm’s 50-day simple moving average is $47.56 and its 200-day simple moving average is $41.81. VanEck Merk Gold ETF has a 1-year low of $28.51 and a 1-year high of $53.35. The firm has a market cap of $3.01 billion, a P/E ratio of 6.97 and a beta of 0.08.

Key VanEck Merk Gold ETF News

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

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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