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

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

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds have recently made changes to their positions in the business. Raymond James & Associates boosted its holdings in ASA Gold and Precious Metals by 2.6% during the 4th quarter. Raymond James & Associates now owns 638,436 shares of the investment management company’s stock valued at $9,615,000 after acquiring an additional 16,280 shares during the period. International Assets Investment Management LLC bought a new position in shares of ASA Gold and Precious Metals in the fourth quarter worth approximately $522,000. Wolverine Asset Management LLC increased its stake in shares of ASA Gold and Precious Metals by 96.6% in the fourth quarter. Wolverine Asset Management LLC now owns 8,652 shares of the investment management company’s stock worth $130,000 after buying an additional 4,252 shares during the period. PFG Investments LLC purchased a new stake in ASA Gold and Precious Metals during the 1st quarter valued at $501,000. Finally, Saba Capital Management L.P. grew its holdings 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 acquiring an additional 664,321 shares during the last quarter.

ASA Gold and Precious Metals Stock Performance

Shares of NYSE ASA traded up $0.13 during trading hours on Friday, reaching $17.30. 19,753 shares of the stock traded hands, compared to its average volume of 40,254. The company’s 50-day simple moving average is $17.77 and its two-hundred day simple moving average is $15.89. ASA Gold and Precious Metals has a 52-week low of $12.80 and a 52-week high of $19.50.

ASA Gold and Precious Metals Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, May 3rd. 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%.

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.