VanEck Merk Gold ETF (NYSEARCA:OUNZ) Sees Strong Trading Volume – Time to Buy?

Shares of VanEck Merk Gold ETF (NYSEARCA:OUNZGet Free Report) saw an uptick in trading volume on Thursday . Approximately 9,511,604 shares traded hands during trading, an increase of 361% from the previous session’s volume of 2,062,635 shares.The stock last traded at $50.5360 and had previously closed at $51.75.

Key Headlines Impacting VanEck Merk Gold ETF

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

VanEck Merk Gold ETF Stock Down 1.4%

The company has a market capitalization of $3.10 billion, a PE ratio of 6.97 and a beta of 0.08. The stock’s fifty day moving average price is $42.73 and its two-hundred day moving average price is $38.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Archer Investment Corp bought a new stake in shares of VanEck Merk Gold ETF in the 2nd quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in VanEck Merk Gold ETF in the 2nd quarter worth about $35,000. Parallel Advisors LLC bought a new position in VanEck Merk Gold ETF during the 3rd quarter valued at about $38,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of VanEck Merk Gold ETF during the 3rd quarter valued at about $56,000. Finally, CoreCap Advisors LLC bought a new stake in shares of VanEck Merk Gold ETF in the fourth quarter worth approximately $78,000.

VanEck Merk Gold ETF Company Profile

(Get Free Report)

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.

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