VanEck Merk Gold Trust (OUNZ)Commodities Focused | Exchange Traded Fund | NYSEArca
38.46 USD
-1.04
(-2.633%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:17 a.m. EDT
The VanEck Merk Gold Trust is currently trading as a defensive play on a commodity that has rallied significantly over the last decade, yet it offers no income stream to investors. While the underlying asset—gold—has delivered exceptional long-term returns with a strong upward trajectory over the past nine years, the trust itself is a pure-play vehicle with no dividends to cushion drawdowns. The recent price action shows the trust lagging behind its moving averages, reflecting a short-term cooling off in the broader precious metals sector. However, the options market tells a different story: traders are aggressively buying protection against a crash while simultaneously betting on a massive surge, creating a volatile environment where the trust could swing wildly based on geopolitical headlines. For a long-term holder, the asset remains a solid store of value, but the lack of yield and the current technical weakness suggest waiting for a clearer entry point rather than chasing the price now. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.038047 |
| AutoARIMA | 0.062929 |
| AutoETS | 0.062936 |
| MSTL | 0.065916 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 18.75 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.205 |
| Excess Kurtosis | -0.76 |
As of July 11, 2026, 3:17 a.m. EDT: Speculators are positioning for significant volatility rather than a specific directional move. Call volume is heavily skewed toward out-of-the-money strikes (OTM), particularly in the September and December expirations, suggesting bets on a sharp spike in gold prices. Conversely, put volume is concentrated deep in-the-money (ITM) for September and December, indicating a hedge against a substantial drop. The imbalance in OTM call Open Interest versus ITM put Open Interest suggests a bullish bias among speculators, but the heavy hedging via deep ITM puts implies fear of a crash if geopolitical tensions escalate.
| Attribute | Value |
|---|---|
| All Time High | 53.35 |
| All Time Low | 10.43 |
| Ask | 0.0 |
| Ask Size | 1,900 |
| Average Daily Volume10 Day | 530,100 |
| Average Daily Volume3 Month | 677,998 |
| Average Volume | 677,998 |
| Average Volume10Days | 530,100 |
| Beta3 Year | 0.34 |
| Bid | 0.0 |
| Bid Size | 12,500 |
| Category | Commodities Focused |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 39.049 |
| Day Low | 38.34 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 42.018 |
| Fifty Day Average Change | -3.5580025 |
| Fifty Day Average Change Percent | -0.084678054 |
| Fifty Two Week Change Percent | 22.594666 |
| Fifty Two Week High | 53.35 |
| Fifty Two Week High Change | -14.889999 |
| Fifty Two Week High Change Percent | -0.27910027 |
| Fifty Two Week Low | 31.48 |
| Fifty Two Week Low Change | 6.9799995 |
| Fifty Two Week Low Change Percent | 0.22172807 |
| Fifty Two Week Range | 31.48 - 53.35 |
| First Trade Date Milliseconds | 1,400,247,000,000 |
| Five Year Average Return | 0.1690955 |
| Full Exchange Name | NYSEArca |
| Fund Family | Merk Funds |
| Fund Inception Date | 1,400,198,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Name | VanEck Merk Gold Trust |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_204714357 |
| Nav Price | 39.49 |
| Net Assets | 2,499,545,860.0 |
| Net Expense Ratio | 0.25 |
| Open | 39.03 |
| Phone | (866) 637-5386 |
| Pre Market Change | 0.19000244 |
| Pre Market Change Percent | 0.49402612 |
| Pre Market Price | 38.65 |
| Pre Market Time | 1,784,016,283 |
| Previous Close | 39.5 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -1.04 |
| Regular Market Change Percent | -2.63291 |
| Regular Market Day High | 39.049 |
| Regular Market Day Low | 38.34 |
| Regular Market Day Range | 38.34 - 39.049 |
| Regular Market Open | 39.03 |
| Regular Market Previous Close | 39.5 |
| Regular Market Price | 38.46 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 541,178 |
| Short Name | VanEck Merk Gold ETF |
| Source Interval | 15 |
| Symbol | OUNZ |
| Three Year Average Return | 0.2652066 |
| Total Assets | 2,499,545,856 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -14.31743 |
| Trailing Three Month Returns | -14.31743 |
| Triggerable | 1 |
| Two Hundred Day Average | 43.01685 |
| Two Hundred Day Average Change | -4.5568504 |
| Two Hundred Day Average Change Percent | -0.10593176 |
| Type Disp | ETF |
| Volume | 541,178 |
| Yield | 0.0 |
| Ytd Return | -7.01036 |