ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Up 708.7% in October

ASA Gold and Precious Metals Limited (NYSE:ASA) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 18,600 shares, an increase of 708.7% from the October 15th total of 2,300 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of ASA Gold and Precious Metals by 54.3% during the 3rd quarter. Covestor Ltd now owns 4,118 shares of the investment management company’s stock valued at $86,000 after purchasing an additional 1,449 shares in the last quarter. Matrix Trust Co acquired a new position in shares of ASA Gold and Precious Metals during the 3rd quarter valued at $100,000. Raffles Associates LP bought a new position in ASA Gold and Precious Metals during the second quarter worth $193,000. Sanctuary Advisors LLC acquired a new stake in ASA Gold and Precious Metals in the second quarter worth $209,000. Finally, PFG Investments LLC raised its holdings in shares of ASA Gold and Precious Metals by 24.8% during the second quarter. PFG Investments LLC now owns 40,678 shares of the investment management company’s stock valued at $713,000 after purchasing an additional 8,084 shares during the period.

ASA Gold and Precious Metals Stock Performance

Shares of ASA traded up $0.06 during mid-day trading on Thursday, reaching $19.65. The company’s stock had a trading volume of 49,135 shares, compared to its average volume of 56,879. The business has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $19.34. ASA Gold and Precious Metals has a 1-year low of $13.18 and a 1-year high of $22.78.

ASA Gold and Precious Metals Dividend Announcement

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

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.