ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Update

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 28,300 shares, a drop of 35.7% from the February 13th total of 44,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 61,100 shares, the days-to-cover ratio is presently 0.5 days.

ASA Gold and Precious Metals Stock Performance

Shares of NYSE ASA traded up $0.18 during trading on Tuesday, reaching $28.38. 71,045 shares of the company traded hands, compared to its average volume of 53,268. The firm has a 50 day simple moving average of $24.22 and a 200-day simple moving average of $21.88. ASA Gold and Precious Metals has a 52-week low of $14.55 and a 52-week high of $28.99.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in ASA. Raymond James Financial Inc. purchased a new position in shares of ASA Gold and Precious Metals in the fourth quarter worth approximately $12,492,000. Public Employees Retirement System of Ohio purchased a new position in shares of ASA Gold and Precious Metals in the third quarter worth approximately $10,156,000. Capstone Investment Advisors LLC boosted its holdings in shares of ASA Gold and Precious Metals by 634.3% in the fourth quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company's stock worth $5,383,000 after buying an additional 229,968 shares during the last quarter. Sprott Inc. purchased a new position in shares of ASA Gold and Precious Metals in the fourth quarter worth approximately $3,239,000. Finally, Sessa Capital IM L.P. boosted its holdings 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 worth $13,581,000 after buying an additional 121,673 shares during the last quarter.

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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.