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

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 44,000 shares, a growth of 92.1% from the January 31st total of 22,900 shares. Based on an average trading volume of 61,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently bought and sold shares of the stock. Sessa Capital IM L.P. lifted its position in ASA Gold and Precious Metals by 22.1% during the fourth quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock worth $13,581,000 after acquiring an additional 121,673 shares during the last quarter. Cetera Investment Advisers lifted its position in ASA Gold and Precious Metals by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company’s stock worth $1,179,000 after acquiring an additional 1,500 shares during the last quarter. Capstone Investment Advisors LLC increased its holdings in shares of ASA Gold and Precious Metals by 634.3% during the fourth quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company’s stock worth $5,383,000 after purchasing an additional 229,968 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $372,000. Finally, Walleye Capital LLC bought a new position in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $346,000.

ASA Gold and Precious Metals Trading Down 0.3 %

ASA stock traded down $0.07 during mid-day trading on Friday, hitting $24.42. 29,809 shares of the company were exchanged, compared to its average volume of 69,805. The business has a 50 day simple moving average of $23.01 and a 200-day simple moving average of $21.37. ASA Gold and Precious Metals has a 1-year low of $13.34 and a 1-year high of $26.80.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.