VanEck Merk Gold ETF (NYSEARCA:OUNZ) Short Interest Down 36.5% in July

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

Key Headlines Impacting VanEck Merk Gold ETF

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

• Positive Sentiment: Long-term bullish outlook remains intact. The World Gold Council said gold has unique diversification benefits and supply-demand characteristics, supporting its role as a strategic portfolio allocation. Gold performs like nothing else in the commodity complex
• Positive Sentiment: Analysts continue to expect higher prices. Wells Fargo reiterated its positive precious-metals outlook and maintained a $4,900 gold target for 2026, citing lower rate-hike expectations, Asian investor demand and continued central-bank buying. Wells Fargo reiterates positive outlook for precious metals
• Positive Sentiment: Safe-haven demand from Iran-related tensions, fiscal concerns, dollar weakness and expectations that the Federal Reserve may avoid another rate hike continue to provide underlying support for gold. Fed Minutes Loom as Iran Risks Support Metals

VanEck Merk Gold ETF Stock Down 1.7%

Shares of OUNZ traded down $0.73 during mid-day trading on Tuesday, hitting $41.75. 456,641 shares of the company’s stock were exchanged, compared to its average volume of 1,293,673. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 6.97 and a beta of 0.17. The firm has a fifty day moving average of $39.89 and a two-hundred day moving average of $43.80. VanEck Merk Gold ETF has a twelve month low of $31.93 and a twelve month high of $53.35.

Hedge Funds Weigh In On VanEck Merk Gold ETF

Several institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC acquired a new stake in shares of VanEck Merk Gold ETF in the second quarter worth about $31,000. Fiduciary Financial Group LLC increased its holdings in shares of VanEck Merk Gold ETF by 31.4% during the 2nd quarter. Fiduciary Financial Group LLC now owns 6,700 shares of the company’s stock valued at $259,000 after acquiring an additional 1,600 shares during the last quarter. Ferguson Shapiro LLC acquired a new position in shares of VanEck Merk Gold ETF during the 2nd quarter valued at about $3,042,000. Oliver Luxxe Assets LLC raised its stake in shares of VanEck Merk Gold ETF by 34.6% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 18,085 shares of the company’s stock valued at $698,000 after acquiring an additional 4,650 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its stake in shares of VanEck Merk Gold ETF by 33.5% in the 2nd quarter. First Heartland Consultants Inc. now owns 12,780 shares of the company’s stock valued at $493,000 after acquiring an additional 3,209 shares in the last quarter.

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.