ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Up 27.2% in March

ASA Gold and Precious Metals Limited (NYSE:ASA) was the target of a large growth in short interest during 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 days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of ASA. Steward Partners Investment Advisory LLC lifted its position in shares of ASA Gold and Precious Metals by 140.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock worth $26,000 after purchasing an additional 764 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its stake in 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 worth $41,000 after buying an additional 649 shares during the period. Covestor Ltd increased its stake in 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 worth $98,000 after buying an additional 707 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new stake in ASA Gold and Precious Metals during the 4th quarter worth approximately $255,000. Finally, Walleye Capital LLC purchased a new position in ASA Gold and Precious Metals in the 4th quarter valued at approximately $346,000.

ASA Gold and Precious Metals Price Performance

NYSE:ASA traded down $1.12 on Wednesday, reaching $28.15. The company’s stock had a trading volume of 74,327 shares, compared to its average volume of 54,030. ASA Gold and Precious Metals has a 12-month low of $15.52 and a 12-month high of $30.99. The stock has a 50 day moving average price of $25.74 and a 200 day moving average price of $22.61.

ASA Gold and Precious Metals Increases Dividend

The company also recently disclosed 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 dividend yield of 0.2%. The ex-dividend date is Monday, May 5th. This is an increase from ASA Gold and Precious Metals’s previous semi-annual dividend of $0.02.

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.