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

VanEck Merk Gold ETF (NYSEARCA:OUNZ) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 466,723 shares, a decline of 36.6% from the April 15th total of 736,636 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 612,229 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On VanEck Merk Gold ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Walkner Condon Financial Advisors LLC lifted its stake in shares of VanEck Merk Gold ETF by 0.5% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 43,352 shares of the company’s stock valued at $1,951,000 after purchasing an additional 229 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of VanEck Merk Gold ETF by 4.2% in the 4th quarter. Stephens Inc. AR now owns 7,060 shares of the company’s stock valued at $293,000 after purchasing an additional 285 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of 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 valued at $408,000 after purchasing an additional 364 shares in the last quarter. Traphagen Investment Advisors LLC lifted its stake in shares of 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 valued at $277,000 after purchasing an additional 392 shares in the last quarter. Finally, Invst LLC lifted its stake in shares of VanEck Merk Gold ETF by 3.1% in the 4th quarter. Invst LLC now owns 13,256 shares of the company’s stock valued at $550,000 after purchasing an additional 400 shares in the last quarter.

VanEck Merk Gold ETF Stock Up 0.3%

Shares of NYSEARCA OUNZ traded up $0.12 during midday trading on Monday, hitting $43.83. The stock had a trading volume of 468,503 shares, compared to its average volume of 1,702,210. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 1-year low of $31.02 and a 1-year high of $53.35. The company has a fifty day moving average price of $45.51 and a 200 day moving average price of $44.36.

Trending Headlines about VanEck Merk Gold ETF

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

• Positive Sentiment: Gold rebounded as the U.S. dollar pulled back, giving precious metals some support. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Pullback
• Positive Sentiment: Ongoing geopolitical uncertainty around the Strait of Hormuz is keeping safe-haven demand for gold supported. Gold price hold steadies, silver rebounds as Hormuz risk keeps oil, yields in focus – PM Report
• Neutral Sentiment: Gold is holding key technical support, with traders watching whether bulls can reclaim higher resistance levels. Gold (XAUUSD) & Silver Price Forecast: $4,555 Holds — Can Bulls Reclaim $4,670 Resistance?
• Negative Sentiment: Rising Treasury yields, hot inflation data, and expectations for more Fed tightening have pressured gold and reduced hopes for rate cuts. Gold (XAUUSD) Price Forecast: Will Rising Yields Push Gold Toward 52-Week MA
• Negative Sentiment: Gold could face additional headwinds if Fed rate-hike expectations continue to build, since higher rates typically reduce demand for non-interest-bearing assets. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations

About VanEck Merk Gold ETF

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.