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

VanEck Merk Gold ETF (NYSEARCA:OUNZ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 299,839 shares, a drop of 36.5% from the July 15th total of 472,069 shares. Based on an average daily trading volume, of 577,686 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: A weaker U.S. dollar and easing expectations for additional Fed rate hikes supported gold ahead of the release of the Federal Open Market Committee minutes. Lower expected rates generally reduce the opportunity cost of holding non-yielding bullion. Gold firms as softer dollar offsets oil-led yield pressure
• Positive Sentiment: Gold is consolidating near the significant $4,500 resistance level, with a bullish technical pattern and developing “golden cross” indicating continued upward momentum if a breakout occurs. Gold Price Analysis – Gold Consolidates Under $4,500
• Positive Sentiment: Wells Fargo maintained a bullish precious-metals outlook and expects gold to reach $4,900 in 2026, citing continued demand from Asian investors and central banks. Wells Fargo reiterates positive outlook for precious metals
• Positive Sentiment: Safe-haven demand, concerns about fiscal stress and dollar weakness continue to provide a supportive longer-term backdrop. Royal Mint research also found that one-third of UK adults regret not investing in gold after its reported 128% five-year gain, suggesting strong investor awareness and potential demand. 33% of UK respondents regret missing out on gold’s rally
• Neutral Sentiment: Investors are awaiting the Fed minutes for clearer signals on the September policy outlook. The release could increase volatility in gold and OUNZ, particularly around the $4,500 resistance level. Gold prices recover before Fed minutes
• Negative Sentiment: Elevated Treasury yields and higher crude oil prices remain headwinds, as they can reinforce inflation concerns and reduce expectations for near-term monetary easing. Gold and silver forecast as bond yields pressure bullion

Institutional Investors Weigh In On VanEck Merk Gold ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC bought a new position in shares of VanEck Merk Gold ETF during the second quarter worth about $31,000. Mcguire Capital Advisors Inc. bought a new stake in VanEck Merk Gold ETF in the fourth quarter valued at about $37,000. Parallel Advisors LLC bought a new stake in VanEck Merk Gold ETF in the third quarter valued at about $38,000. Scarborough Advisors LLC bought a new stake in VanEck Merk Gold ETF in the first quarter valued at about $58,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in VanEck Merk Gold ETF during the fourth quarter valued at approximately $59,000.

VanEck Merk Gold ETF Price Performance

Shares of NYSEARCA:OUNZ traded up $1.39 during midday trading on Wednesday, reaching $43.14. The company had a trading volume of 401,944 shares, compared to its average volume of 1,287,997. The stock has a market capitalization of $2.78 billion, a P/E ratio of 6.97 and a beta of 0.17. The stock’s fifty day moving average price is $39.89 and its 200-day moving average price is $43.80. VanEck Merk Gold ETF has a one year low of $32.05 and a one year high of $53.35.

VanEck Merk Gold ETF Company Profile

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.