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

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 6,800 shares, a decline of 90.4% from the March 31st total of 70,600 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 68,900 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in ASA Gold and Precious Metals during the 4th quarter worth approximately $12,492,000. Capstone Investment Advisors LLC grew its holdings in ASA Gold and Precious Metals by 634.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company's stock worth $5,383,000 after purchasing an additional 229,968 shares during the period. Sprott Inc. acquired a new position in shares of ASA Gold and Precious Metals during the 4th quarter worth approximately $3,239,000. Sessa Capital IM L.P. raised its position in shares of ASA Gold and Precious Metals by 22.1% in the fourth quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company's stock valued at $13,581,000 after purchasing an additional 121,673 shares during the period. Finally, Matrix Trust Co raised its holdings in ASA Gold and Precious Metals by 625.7% in the 4th quarter. Matrix Trust Co now owns 34,988 shares of the investment management company's stock valued at $707,000 after acquiring an additional 30,167 shares during the period.

ASA Gold and Precious Metals Stock Performance

Shares of ASA stock traded down $0.70 during trading hours on Friday, reaching $29.37. The company had a trading volume of 68,194 shares, compared to its average volume of 54,529. ASA Gold and Precious Metals has a 1-year low of $16.90 and a 1-year high of $31.94. The company has a 50 day moving average of $27.37 and a 200 day moving average of $23.63.

ASA Gold and Precious Metals Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Investors of record on Monday, May 5th will be given a $0.03 dividend. This represents a dividend yield of 0.2%. This is an increase from ASA Gold and Precious Metals's previous semi-annual dividend of $0.02. The ex-dividend date of this dividend is Monday, May 5th.

About ASA Gold and Precious Metals

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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