Short Interest in ASA Gold and Precious Metals Limited (NYSE:ASA) Decreases By 46.7%

ASA Gold and Precious Metals Limited (NYSE:ASA) was the target of a large decline in short interest in the month of 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. Based on an average trading volume of 47,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several institutional investors have recently made changes to their positions in ASA. WHI TRUST Co LLC purchased a new position in shares of ASA Gold and Precious Metals during the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in ASA Gold and Precious Metals in the 1st quarter worth $31,000. Group One Trading LLC purchased a new stake in ASA Gold and Precious Metals in the 1st quarter worth $50,000. Advisory Services Network LLC purchased a new stake in ASA Gold and Precious Metals in the 3rd quarter worth $55,000. Finally, Kestra Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals in the 4th quarter worth $58,000.

ASA Gold and Precious Metals Price Performance

Shares of NYSE:ASA traded down $4.47 during trading on Friday, hitting $65.19. 76,282 shares of the stock traded hands, compared to its average volume of 58,505. The company has a fifty day moving average price of $65.56 and a two-hundred day moving average price of $62.15. ASA Gold and Precious Metals has a 52-week low of $28.05 and a 52-week high of $83.20.

ASA Gold and Precious Metals Announces Dividend

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

Wall Street Analysts Forecast Growth

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.com, the company has an average rating of “Buy”.

ASA Gold and Precious Metals Company Profile

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.