Short Interest in ASA Gold and Precious Metals Limited (NYSE:ASA) Declines By 78.6%

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 6,900 shares, a decline of 78.6% from the September 15th total of 32,200 shares. Based on an average daily volume of 43,000 shares, the days-to-cover ratio is currently 0.2 days.

ASA Gold and Precious Metals Stock Performance

ASA stock traded up $0.46 during mid-day trading on Thursday, reaching $20.84. The company had a trading volume of 27,838 shares, compared to its average volume of 56,829. ASA Gold and Precious Metals has a one year low of $12.80 and a one year high of $21.51. The stock’s 50-day simple moving average is $19.65 and its two-hundred day simple moving average is $18.46.

ASA Gold and Precious Metals Dividend Announcement

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th will be paid a $0.02 dividend. This represents a yield of 0.2%. The ex-dividend date is Wednesday, November 13th.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Hedge funds have recently added to or reduced their stakes in the stock. Matrix Trust Co bought a new stake in shares of ASA Gold and Precious Metals during the third quarter valued at about $100,000. Raffles Associates LP bought a new stake in shares of ASA Gold and Precious Metals during the second quarter valued at about $193,000. Sanctuary Advisors LLC bought a new stake in shares of ASA Gold and Precious Metals during the second quarter valued at about $209,000. DORCHESTER WEALTH MANAGEMENT Co raised its position in ASA Gold and Precious Metals by 10.4% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 24,125 shares of the investment management company’s stock worth $371,000 after acquiring an additional 2,275 shares in the last quarter. Finally, PFG Investments LLC raised its position in ASA Gold and Precious Metals by 24.8% in the second quarter. PFG Investments LLC now owns 40,678 shares of the investment management company’s stock worth $713,000 after acquiring an additional 8,084 shares in the last quarter.

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.