OUNZ Stock Summary and Trading Ideas (Van Eck Merk Gold Trust | ARCA:OUNZ)

Van Eck Merk Gold Trust (the trust ) seeks to provide investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold if and when desired.

Van Eck Merk Gold Trust trades on the ARCA stock market under the symbol OUNZ.

As of April 25, 2024, OUNZ stock price climbed to $22.55 with 1,665,205 million shares trading.

OUNZ has a beta of -0.01, meaning it tends to be less sensitive to market movements. OUNZ has a correlation of 0.00 to the broad based SPY ETF.

OUNZ has a market cap of $913.89 million. This is considered a Small Cap stock.

In the last 3 years, OUNZ stock traded as high as $23.50 and as low as $15.69.

OUNZ stock has underperformed the market in the last year with a return of +17.1%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in OUNZ shares. However, OUNZ has outperformed the market in the last 3 month and 2 week periods, returning +15.9% and +0.1%, while SPY returned +4.1% and -2.1%, respectively. This indicates OUNZ has been having a stronger performance recently.

OUNZ support price is $22.18 and resistance is $22.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OUNZ stock will trade within this expected range on the day.