ASA Gold and Precious Metals Limited (NYSE:ASA) Short Interest Update

ASA Gold and Precious Metals Limited (NYSE:ASA) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,897 shares, a decrease of 64.8% from the June 15th total of 25,286 shares. Based on an average daily volume of 127,804 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

ASA Gold and Precious Metals Price Performance

Shares of ASA Gold and Precious Metals stock traded down $0.47 on Wednesday, hitting $51.33. The company’s stock had a trading volume of 34,856 shares, compared to its average volume of 100,648. ASA Gold and Precious Metals has a 52-week low of $30.95 and a 52-week high of $83.20. The firm has a fifty day moving average price of $59.05 and a 200-day moving average price of $64.01.

Institutional Trading of ASA Gold and Precious Metals

Institutional investors and hedge funds have recently modified their holdings of the business. WHI TRUST Co LLC purchased a new position in shares of ASA Gold and Precious Metals during the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in ASA Gold and Precious Metals in the 1st quarter valued at approximately $31,000. Group One Trading LLC purchased a new stake in ASA Gold and Precious Metals in the 1st quarter valued at approximately $50,000. Advisory Services Network LLC acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter valued at $55,000. Finally, Kestra Advisory Services LLC acquired a new stake in ASA Gold and Precious Metals during the 4th quarter valued at $58,000.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

ASA Gold and Precious Metals Company Profile

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.