ASA Gold and Precious Metals Limited (NYSE:ASA) Sees Significant Growth in Short Interest

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 18,600 shares, a growth of 708.7% from the October 15th total of 2,300 shares. Based on an average trading volume of 48,400 shares, the days-to-cover ratio is presently 0.4 days.

ASA Gold and Precious Metals Stock Down 1.2 %

ASA traded down $0.25 during trading on Tuesday, reaching $20.10. The company had a trading volume of 112,881 shares, compared to its average volume of 56,828. The business has a 50 day simple moving average of $20.93 and a 200-day simple moving average of $19.32. ASA Gold and Precious Metals has a 52 week low of $12.82 and a 52 week high of $22.78.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 0.2%.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in ASA Gold and Precious Metals in the third quarter worth about $9,930,000. Private Advisor Group LLC grew its holdings in ASA Gold and Precious Metals by 344.7% in the 3rd quarter. Private Advisor Group LLC now owns 48,121 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 37,300 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of ASA Gold and Precious Metals by 47.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 134,395 shares of the investment management company’s stock worth $2,793,000 after purchasing an additional 42,991 shares during the period. PFG Investments LLC increased its holdings in ASA Gold and Precious Metals by 24.8% in the 2nd quarter. PFG Investments LLC now owns 40,678 shares of the investment management company’s stock valued at $713,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of ASA Gold and Precious Metals by 10.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 59,694 shares of the investment management company’s stock worth $1,047,000 after acquiring an additional 5,503 shares in the last quarter.

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.