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

VanEck Merk Gold ETF (NYSEARCA:OUNZ) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 329,000 shares, a decrease of 57.4% from the August 31st total of 772,500 shares. Based on an average daily volume of 807,700 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 807,700 shares, the days-to-cover ratio is currently 0.4 days.

VanEck Merk Gold ETF Stock Up 0.8%

Shares of NYSEARCA OUNZ opened at $37.42 on Friday. The stock has a market cap of $2.18 billion, a PE ratio of 6.97 and a beta of 0.15. VanEck Merk Gold ETF has a 52-week low of $24.68 and a 52-week high of $37.51. The business has a 50-day moving average price of $33.96 and a 200 day moving average price of $32.40.

Institutional Trading of VanEck Merk Gold ETF

A number of large investors have recently made changes to their positions in the company. Corient Private Wealth LLC acquired a new stake in shares of VanEck Merk Gold ETF in the 2nd quarter valued at about $273,000. Osaic Holdings Inc. lifted its position in VanEck Merk Gold ETF by 3.1% during the 2nd quarter. Osaic Holdings Inc. now owns 436,407 shares of the company’s stock worth $13,917,000 after acquiring an additional 13,309 shares during the period. Centaurus Financial Inc. acquired a new stake in VanEck Merk Gold ETF during the 2nd quarter worth approximately $3,144,000. Orion Porfolio Solutions LLC acquired a new stake in VanEck Merk Gold ETF during the 2nd quarter worth approximately $208,000. Finally, Advisory Services Network LLC lifted its position in VanEck Merk Gold ETF by 16.9% during the 2nd quarter. Advisory Services Network LLC now owns 166,729 shares of the company’s stock worth $5,285,000 after acquiring an additional 24,094 shares during the period.

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.