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 significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 70,600 shares, an increase of 96.1% from the March 15th total of 36,000 shares. Based on an average daily trading volume, of 66,300 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company's shares are sold short.

ASA Gold and Precious Metals Price Performance

Shares of ASA traded up $0.36 during trading on Monday, reaching $31.10. 30,841 shares of the company traded hands, compared to its average volume of 53,708. The stock has a 50-day simple moving average of $26.94 and a 200-day simple moving average of $23.34. ASA Gold and Precious Metals has a twelve month low of $16.25 and a twelve month high of $32.72.

ASA Gold and Precious Metals Increases Dividend

The business 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 $0.03 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend is Monday, May 5th. This is an increase from ASA Gold and Precious Metals's previous semi-annual dividend of $0.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASA. Steward Partners Investment Advisory LLC raised its holdings in shares of 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 valued at $26,000 after buying an additional 764 shares during the period. NBC Securities Inc. grew its position in ASA Gold and Precious Metals by 128,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock valued at $38,000 after acquiring an additional 1,286 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its stake 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 worth $41,000 after purchasing an additional 649 shares during the period. Covestor Ltd lifted its position in shares of 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 worth $98,000 after purchasing an additional 707 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of ASA Gold and Precious Metals in the first quarter valued at approximately $220,000.

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.