ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Update


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ASA Gold and Precious Metals Limited (NYSE:ASA) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 36,000 shares, a growth of 45.7% from the March 15th total of 24,700 shares. Based on an average trading volume of 82,100 shares, the days-to-cover ratio is presently 0.4 days.

Several hedge funds have recently bought and sold shares of ASA. Quantedge Capital Pte Ltd purchased a new position in shares of ASA Gold and Precious Metals in the fourth quarter worth $2,746,000. Pekin Hardy Strauss Inc. purchased a new stake in ASA Gold and Precious Metals during the fourth quarter valued at $2,053,000. Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals during the fourth quarter valued at $1,182,000. Veracity Capital LLC purchased a new stake in ASA Gold and Precious Metals during the fourth quarter valued at $1,061,000. Finally, Morgan Stanley increased its position in ASA Gold and Precious Metals by 4.7% during the fourth quarter. Morgan Stanley now owns 1,076,259 shares of the investment management company’s stock valued at $23,538,000 after acquiring an additional 48,505 shares during the last quarter.

ASA Gold and Precious Metals stock traded up $0.24 during mid-day trading on Friday, hitting $22.06. The company had a trading volume of 94,925 shares, compared to its average volume of 84,476. The stock’s 50 day moving average price is $20.15 and its two-hundred day moving average price is $20.92. ASA Gold and Precious Metals has a 12 month low of $12.24 and a 12 month high of $25.45.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, May 21st. Stockholders of record on Thursday, May 20th will be paid a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, May 19th.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.

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