ASA Gold and Precious Metals Ltd (NYSE:ASA) Short Interest Down 39.3% in March

ASA Gold and Precious Metals Ltd (NYSE:ASA) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totalling 29,600 shares, a decrease of 39.3% from the February 27th total of 48,800 shares. Based on an average daily trading volume, of 122,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

In other ASA Gold and Precious Metals news, Director Anthony J. Artabane bought 2,500 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $13.47 per share, for a total transaction of $33,675.00. Following the completion of the transaction, the director now owns 33,800 shares of the company’s stock, valued at approximately $455,286. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Large investors have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new stake in ASA Gold and Precious Metals during the fourth quarter worth about $98,000. Bank of America Corp DE increased its stake in ASA Gold and Precious Metals by 15.3% during the fourth quarter. Bank of America Corp DE now owns 12,109 shares of the investment management company’s stock worth $165,000 after acquiring an additional 1,610 shares during the last quarter. David R. Rahn & Associates Inc. increased its stake in ASA Gold and Precious Metals by 20.0% during the fourth quarter. David R. Rahn & Associates Inc. now owns 14,399 shares of the investment management company’s stock worth $196,000 after acquiring an additional 2,396 shares during the last quarter. Independent Advisor Alliance acquired a new stake in ASA Gold and Precious Metals during the fourth quarter worth about $342,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in ASA Gold and Precious Metals during the fourth quarter worth about $364,000. Institutional investors own 25.78% of the company’s stock.

NYSE:ASA traded down $0.20 on Thursday, hitting $11.23. 116,374 shares of the stock were exchanged, compared to its average volume of 146,281. The stock has a fifty day moving average of $12.37 and a 200-day moving average of $12.66. ASA Gold and Precious Metals has a fifty-two week low of $8.16 and a fifty-two week high of $15.14.

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, May 7th. This represents a yield of 0.2%.

About ASA Gold and Precious Metals

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. The firm employs fundamental analysis, with a focus on bottom-up research to make its investments.

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