Renaissance Technologies LLC Has $1.64 Million Stake in VanEck Merk Gold ETF $OUNZ

Renaissance Technologies LLC reduced its position in VanEck Merk Gold ETF (NYSEARCA:OUNZ) by 62.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,470 shares of the company’s stock after selling 61,630 shares during the quarter. Renaissance Technologies LLC owned approximately 0.06% of VanEck Merk Gold ETF worth $1,643,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Asset One Wealth Management LLC acquired a new position in VanEck Merk Gold ETF in the fourth quarter valued at $33,578,000. Van ECK Associates Corp boosted its position in VanEck Merk Gold ETF by 26.7% during 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. LPL Financial LLC grew its holdings in 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 worth $132,350,000 after acquiring an additional 290,206 shares during the period. Raymond James Financial Inc. grew its holdings in VanEck Merk Gold ETF by 38.4% during the 2nd quarter. Raymond James Financial Inc. now owns 791,392 shares of the company’s stock worth $25,237,000 after acquiring an additional 219,422 shares during the period. Finally, Virtu Financial LLC acquired a new stake in VanEck Merk Gold ETF during the 4th quarter worth about $5,093,000.

Key Headlines Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Short interest declined sharply: Short interest fell 36.5% to 299,839 shares as of July 31, representing only about 0.5% of shares outstanding. The reduction in bearish positioning may ease selling pressure, although the low days-to-cover ratio limits the potential for a major short squeeze.
• Positive Sentiment: Safe-haven demand is supporting gold: Gold held near a two-month high as tensions surrounding the Strait of Hormuz increased demand for defensive assets. Persistent central-bank buying, lower real yields, expectations for easier Federal Reserve policy and geopolitical fragmentation remain longer-term tailwinds. Gold holds near two-month high as equities slip, oil rallies
• Positive Sentiment: Chinese investment demand remains strong: China’s first-half gold consumption increased 1.23% year over year to 511.41 tonnes, with investment demand offsetting weaker jewelry sales. Strong physical and investment demand could help sustain bullion prices and support OUNZ. China’s gold consumption rises in H1
• Neutral Sentiment: Technical outlook remains constructive but uncertain: Gold’s breakout reached approximately $4,435, with analysts watching support near $4,357 and potential upside toward $4,500. A sustained move above resistance could benefit OUNZ, while a failed breakout would increase near-term volatility. Gold price forecast after $4,435 high
• Negative Sentiment: Profit-taking and interest-rate uncertainty are weighing on bullion: Gold and silver retreated as investors locked in gains, Treasury yields remained elevated and markets turned cautious before Wednesday’s U.S. CPI report. Higher yields and a stronger dollar can reduce the appeal of non-yielding gold, creating near-term pressure on OUNZ. Gold and silver ease ahead of CPI

VanEck Merk Gold ETF Trading Down 0.4%

OUNZ stock opened at $42.01 on Wednesday. The firm has a market cap of $2.71 billion, a PE ratio of 6.97 and a beta of 0.17. The stock has a 50-day moving average price of $39.88 and a 200-day moving average price of $44.05. VanEck Merk Gold ETF has a 1-year low of $31.93 and a 1-year high of $53.35.

VanEck Merk Gold ETF 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.