Short Interest in ASA Gold and Precious Metals Limited (NYSE:ASA) Declines By 64.8%

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASA. JPMorgan Chase & Co. acquired a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $61,000. Walleye Capital LLC increased its stake in 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 acquiring an additional 341 shares during the period. Jane Street Group LLC bought a new position in ASA Gold and Precious Metals during the 2nd quarter worth $383,000. Osaic Holdings Inc. raised its holdings in ASA Gold and Precious Metals by 128.4% in the 2nd quarter. Osaic Holdings Inc. now owns 18,728 shares of the investment management company’s stock valued at $591,000 after acquiring an additional 10,528 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in ASA Gold and Precious Metals by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock valued at $3,854,000 after acquiring an additional 2,622 shares in the last quarter.

ASA Gold and Precious Metals Price Performance

NYSE:ASA traded up $0.90 during mid-day trading on Tuesday, reaching $51.82. 45,441 shares of the company’s stock were exchanged, compared to its average volume of 91,603. ASA Gold and Precious Metals has a one year low of $30.95 and a one year high of $83.20. The business’s fifty day simple moving average is $59.05 and its two-hundred day simple moving average is $64.01.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently 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.