VanEck Merk Gold ETF (NYSEARCA:OUNZ) Stock Short Interest Drops 64.8%

VanEck Merk Gold ETF (NYSEARCA:OUNZ) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 243,869 shares, a decrease of 64.8% from the September 15th total of 692,218 shares. Based on an average daily trading volume, of 588,008 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

VanEck Merk Gold ETF Stock Performance

Shares of NYSEARCA OUNZ traded down $0.25 during mid-day trading on Monday, reaching $40.05. The company’s stock had a trading volume of 107,740 shares, compared to its average volume of 1,163,109. The stock has a 50-day moving average of $41.67 and a two-hundred day moving average of $42.08. The stock has a market capitalization of $2.69 billion, a P/E ratio of 6.97 and a beta of 0.18. VanEck Merk Gold ETF has a 1-year low of $37.69 and a 1-year high of $53.35.

Institutional Trading of VanEck Merk Gold ETF

Several large investors have recently bought and sold shares of OUNZ. Ferguson Shapiro LLC acquired a new stake in VanEck Merk Gold ETF in the 2nd quarter valued at about $3,042,000. Asset One Wealth Management LLC acquired a new position in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $33,578,000. Virtu Financial LLC acquired a new position in shares of VanEck Merk Gold ETF during the 4th quarter worth approximately $5,093,000. Sovran Advisors LLC acquired a new position in shares of VanEck Merk Gold ETF during the 1st quarter worth approximately $675,000. Finally, Drake & Associates LLC grew its position in shares of VanEck Merk Gold ETF by 7.0% in the fourth quarter. Drake & Associates LLC now owns 481,730 shares of the company’s stock valued at $19,982,000 after purchasing an additional 31,713 shares in the last quarter.

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.