ASA Gold and Precious Metals Limited (NYSE:ASA) Sees Significant Decrease in Short Interest

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 9,772 shares, a decline of 46.7% from the April 15th total of 18,321 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 47,000 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

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Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in ASA. JPMorgan Chase & Co. bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $61,000. Walleye Capital LLC raised its stake in shares of ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after purchasing an additional 341 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $383,000. Osaic Holdings Inc. raised its stake in shares of ASA Gold and Precious Metals by 128.4% during the 2nd quarter. Osaic Holdings Inc. now owns 18,728 shares of the investment management company’s stock worth $591,000 after purchasing an additional 10,528 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $295,000.

ASA Gold and Precious Metals Trading Down 1.4%

Shares of ASA Gold and Precious Metals stock traded down $0.91 on Monday, reaching $63.83. 242,907 shares of the company were exchanged, compared to its average volume of 99,853. ASA Gold and Precious Metals has a one year low of $28.67 and a one year high of $83.20. The company has a 50-day moving average of $65.38 and a 200 day moving average of $62.40.

ASA Gold and Precious Metals Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 13th. Stockholders of record on Friday, May 1st were paid a dividend of $0.04 per share. The ex-dividend date was Friday, May 1st. This represents a dividend yield of 13.0%.

ASA Gold and Precious Metals Company Profile

(Get Free Report)

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.

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