ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Up 28.6% in June

ASA Gold and Precious Metals Limited (NYSE:ASAGet Rating) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 10,800 shares, an increase of 28.6% from the May 31st total of 8,400 shares. Based on an average daily volume of 57,100 shares, the short-interest ratio is presently 0.2 days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of ASA Gold and Precious Metals by 59.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 86,373 shares of the investment management company’s stock valued at $1,822,000 after purchasing an additional 32,115 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of ASA Gold and Precious Metals by 35.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 16,145 shares of the investment management company’s stock valued at $340,000 after purchasing an additional 4,190 shares during the last quarter. Veracity Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter valued at $240,000. Quantedge Capital Pte Ltd lifted its holdings in shares of ASA Gold and Precious Metals by 16.7% during the fourth quarter. Quantedge Capital Pte Ltd now owns 133,442 shares of the investment management company’s stock valued at $2,814,000 after purchasing an additional 19,100 shares during the last quarter. Finally, Bulldog Investors LLP lifted its holdings in shares of ASA Gold and Precious Metals by 11.0% during the fourth quarter. Bulldog Investors LLP now owns 15,145 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 1,500 shares during the last quarter. 28.22% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ASA opened at $14.93 on Tuesday. ASA Gold and Precious Metals has a 12 month low of $14.58 and a 12 month high of $23.79. The business has a fifty day simple moving average of $17.99 and a 200-day simple moving average of $20.46.

ASA Gold and Precious Metals Company Profile (Get Rating)

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.

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