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

VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report) saw 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. Based on an average daily trading volume, of 1,052,767 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,052,767 shares, the days-to-cover ratio is presently 0.1 days.

VanEck Merk Gold ETF Stock Down 1.3%

OUNZ opened at $48.26 on Friday. The firm’s 50-day moving average price is $47.56 and its 200-day moving average price is $41.81. The company has a market cap of $3.01 billion, a P/E ratio of 6.97 and a beta of 0.08. VanEck Merk Gold ETF has a 52-week low of $28.51 and a 52-week high of $53.35.

Institutional Trading of VanEck Merk Gold ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUNZ. Archer Investment Corp purchased a new stake in VanEck Merk Gold ETF in the second quarter valued at $28,000. Mcguire Capital Advisors Inc. purchased a new position in VanEck Merk Gold ETF during the fourth quarter valued at approximately $37,000. Parallel Advisors LLC purchased a new stake in shares of VanEck Merk Gold ETF in the third quarter valued at approximately $38,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of VanEck Merk Gold ETF during the 3rd quarter worth approximately $56,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of VanEck Merk Gold ETF in the 4th quarter valued at about $59,000.

Key Headlines Impacting VanEck Merk Gold ETF

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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