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

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 36,000 shares, a growth of 27.2% from the February 28th total of 28,300 shares. Based on an average trading volume of 60,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings in ASA Gold and Precious Metals by 140.7% during 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 period. LaSalle St. Investment Advisors LLC grew its position in shares of ASA Gold and Precious Metals by 47.5% during the 4th 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 in the last quarter. Covestor Ltd boosted its stake in ASA Gold and Precious Metals by 17.2% during the fourth 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 during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in ASA Gold and Precious Metals during the fourth quarter worth about $255,000. Finally, Walleye Capital LLC bought a new position in ASA Gold and Precious Metals in the 4th quarter worth about $346,000.

ASA Gold and Precious Metals Trading Down 3.8 %

NYSE:ASA opened at $28.15 on Thursday. The business’s fifty day moving average is $25.86 and its 200 day moving average is $22.65. ASA Gold and Precious Metals has a 52-week low of $15.57 and a 52-week high of $30.99.

ASA Gold and Precious Metals Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be issued 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 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.