ASA Gold and Precious Metals Limited (NYSE:ASA) Sees Large Decline in Short Interest

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 8,897 shares, a decrease of 64.8% from the June 15th total of 25,286 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 127,804 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WHI TRUST Co LLC acquired a new position in ASA Gold and Precious Metals during the fourth quarter worth about $30,000. GHP Investment Advisors Inc. bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at approximately $31,000. Group One Trading LLC bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at approximately $50,000. Advisory Services Network LLC acquired a new position in ASA Gold and Precious Metals during the 3rd quarter worth approximately $55,000. Finally, Kestra Advisory Services LLC acquired a new position in ASA Gold and Precious Metals during the 4th quarter worth approximately $58,000.

ASA Gold and Precious Metals Trading Up 0.1%

Shares of ASA opened at $52.54 on Monday. ASA Gold and Precious Metals has a 52-week low of $30.95 and a 52-week high of $83.20. The business’s fifty day moving average is $59.52 and its 200-day moving average is $64.16.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About ASA Gold and Precious Metals

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.