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

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 36,000 shares, an increase of 27.2% from the February 28th total of 28,300 shares. Based on an average daily volume of 60,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

ASA Gold and Precious Metals Stock Down 8.7 %

NYSE ASA traded down $2.38 during trading hours on Friday, hitting $25.10. The company had a trading volume of 95,983 shares, compared to its average volume of 53,901. ASA Gold and Precious Metals has a 52 week low of $16.25 and a 52 week high of $30.99. The firm has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $22.74.

ASA Gold and Precious Metals Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in ASA Gold and Precious Metals by 140.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company's stock worth $26,000 after acquiring an additional 764 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its position in ASA Gold and Precious Metals by 47.5% during the fourth quarter. LaSalle St. Investment Advisors LLC now owns 2,014 shares of the investment management company's stock valued at $41,000 after purchasing an additional 649 shares during the last quarter. Covestor Ltd raised its position in shares of ASA Gold and Precious Metals by 17.2% during the 4th quarter. Covestor Ltd now owns 4,825 shares of the investment management company's stock valued at $98,000 after buying an additional 707 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in ASA Gold and Precious Metals in the fourth quarter worth $255,000. Finally, Walleye Capital LLC purchased a new stake in ASA Gold and Precious Metals during the fourth quarter valued at about $346,000.

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.