ASA Gold and Precious Metals Limited (NYSE:ASA) Sees Large Increase in Short Interest

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 40,400 shares, an increase of 49.1% from the May 15th total of 27,100 shares. Based on an average trading volume of 66,800 shares, the short-interest ratio is currently 0.6 days.

ASA Gold and Precious Metals Stock Performance

NYSE:ASA traded up $0.13 during mid-day trading on Friday, hitting $17.30. The company’s stock had a trading volume of 19,753 shares, compared to its average volume of 40,254. ASA Gold and Precious Metals has a fifty-two week low of $12.80 and a fifty-two week high of $19.50. The stock has a fifty day moving average of $17.77 and a 200-day moving average of $15.89.

ASA Gold and Precious Metals Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were issued a $0.02 dividend. This is an increase from ASA Gold and Precious Metals’s previous Semi-Annual dividend of $0.01. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, May 3rd.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Large investors have recently bought and sold shares of the business. Saba Capital Management L.P. raised its position in ASA Gold and Precious Metals by 59.1% in the 3rd quarter. Saba Capital Management L.P. now owns 1,788,420 shares of the investment management company’s stock worth $23,840,000 after purchasing an additional 664,321 shares during the last quarter. Raymond James & Associates boosted its stake in shares of ASA Gold and Precious Metals by 14.5% in the 1st quarter. Raymond James & Associates now owns 730,894 shares of the investment management company’s stock valued at $11,227,000 after purchasing an additional 92,458 shares during the last quarter. Matisse Capital acquired a new stake in shares of ASA Gold and Precious Metals during the 1st quarter worth approximately $715,000. International Assets Investment Management LLC bought a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $522,000. Finally, PFG Investments LLC bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at $501,000.

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.