ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Up 76.9% in May

ASA Gold and Precious Metals Limited (NYSE:ASA) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 17,287 shares, an increase of 76.9% from the April 30th total of 9,772 shares. Based on an average trading volume of 70,219 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Trading Up 1.6%

NYSE ASA traded up $0.97 during trading on Tuesday, reaching $63.51. The company’s stock had a trading volume of 94,824 shares, compared to its average volume of 99,326. The business’s fifty day moving average price is $64.14 and its 200-day moving average price is $63.48. ASA Gold and Precious Metals has a twelve month low of $30.35 and a twelve month high of $83.20.

ASA Gold and Precious Metals Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 13th. Investors of record on Friday, May 1st were issued a dividend of $0.04 per share. This represents a dividend yield of 13.0%. The ex-dividend date was Friday, May 1st.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds have recently bought and sold shares of the business. Saba Capital Management L.P. grew its stake in ASA Gold and Precious Metals by 9.5% during the 1st quarter. Saba Capital Management L.P. now owns 5,903,701 shares of the investment management company’s stock valued at $366,207,000 after purchasing an additional 511,988 shares in the last quarter. Almitas Capital LLC increased its position in ASA Gold and Precious Metals by 14.0% in the 4th quarter. Almitas Capital LLC now owns 382,139 shares of the investment management company’s stock worth $22,802,000 after purchasing an additional 46,797 shares during the last quarter. Royal Bank of Canada lifted its position in ASA Gold and Precious Metals by 882.4% during the 1st quarter. Royal Bank of Canada now owns 360,577 shares of the investment management company’s stock worth $22,366,000 after buying an additional 323,875 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of ASA Gold and Precious Metals by 3.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 143,341 shares of the investment management company’s stock valued at $8,553,000 after acquiring an additional 4,986 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of ASA Gold and Precious Metals in the third quarter worth about $6,411,000.

ASA Gold and Precious Metals Company Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.