Short Interest in ASA Gold and Precious Metals Limited (NYSE:ASA) Rises By 76.9%

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 17,287 shares, a growth of 76.9% from the April 30th total of 9,772 shares. Based on an average trading volume of 70,219 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

ASA Gold and Precious Metals Price Performance

NYSE ASA opened at $60.59 on Thursday. ASA Gold and Precious Metals has a fifty-two week low of $30.35 and a fifty-two week high of $83.20. The business has a fifty day moving average of $64.35 and a 200-day moving average of $63.65.

ASA Gold and Precious Metals Dividend Announcement

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

Institutional Trading of ASA Gold and Precious Metals

Large investors have recently made changes to their positions in the stock. WHI TRUST Co LLC acquired a new stake in shares of ASA Gold and Precious Metals during the fourth quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of ASA Gold and Precious Metals during the first quarter valued at $31,000. Group One Trading LLC acquired a new stake in shares of ASA Gold and Precious Metals during the first quarter valued at $50,000. Advisory Services Network LLC acquired a new stake in shares of ASA Gold and Precious Metals during the third quarter valued at $55,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of ASA Gold and Precious Metals during the fourth quarter valued at $58,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus 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.