ASA Gold and Precious Metals Limited (NYSE:ASA) Stock Short Interest Report for October

ASA Gold and Precious Metals Limited (NYSE:ASA) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 4,603 shares, a decline of 80.6% from the October 15th total of 23,721 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 35,268 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors have recently bought and sold shares of ASA. Saba Capital Management L.P. increased its position in shares of ASA Gold and Precious Metals by 9.5% in the first quarter. Saba Capital Management L.P. now owns 5,903,701 shares of the investment management company’s stock valued at $366,207,000 after buying an additional 511,988 shares in the last quarter. Quantedge Capital Pte Ltd raised its stake in shares of ASA Gold and Precious Metals by 580.7% during the 1st quarter. Quantedge Capital Pte Ltd now owns 27,547 shares of the investment management company’s stock worth $1,709,000 after buying an additional 23,500 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ASA Gold and Precious Metals by 882.4% during the 1st quarter. Royal Bank of Canada now owns 360,577 shares of the investment management company’s stock worth $22,366,000 after buying an additional 323,875 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of ASA Gold and Precious Metals by 3.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,143 shares of the investment management company’s stock worth $632,000 after buying an additional 443 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of ASA Gold and Precious Metals by 1.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 146,593 shares of the investment management company’s stock worth $8,173,000 after buying an additional 2,025 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of ASA Gold and Precious Metals from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, ASA Gold and Precious Metals presently has an average rating of “Buy”.

ASA Gold and Precious Metals Price Performance

Shares of ASA stock traded down $1.91 during midday trading on Thursday, reaching $49.09. 26,363 shares of the company traded hands, compared to its average volume of 81,569. The firm’s 50 day simple moving average is $55.04 and its two-hundred day simple moving average is $60.53. ASA Gold and Precious Metals has a 1-year low of $45.79 and a 1-year high of $83.20.

ASA Gold and Precious Metals Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 12th. Investors of record on Thursday, November 5th will be paid a $0.05 dividend. This represents a yield of 20.0%. The ex-dividend date of this dividend is Thursday, November 5th.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited is a closed-end investment company focused on the precious-metals and minerals sector. Rather than operating mines itself, it invests primarily in the securities of companies involved in exploring for, mining, or processing gold, silver, platinum, and other precious metals and minerals. The company’s investments span businesses with operations in multiple regions, giving shareholders exposure to the global precious-metals industry through a managed portfolio.