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

ASA Gold and Precious Metals Limited (NYSE:ASA) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,079 shares, a decrease of 60.0% from the August 31st total of 7,688 shares. Based on an average daily volume of 61,653 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of ASA Gold and Precious Metals

Several hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. increased its holdings 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 purchasing an additional 511,988 shares in the last quarter. Royal Bank of Canada lifted its holdings in 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 in the last quarter. Zazove Associates LLC lifted its holdings in ASA Gold and Precious Metals by 3.2% during the 1st quarter. Zazove Associates LLC now owns 32,655 shares of the investment management company’s stock worth $2,026,000 after buying an additional 1,000 shares in the last quarter. Quantedge Capital Pte Ltd boosted its position in ASA Gold and Precious Metals by 580.7% in the 1st quarter. Quantedge Capital Pte Ltd now owns 27,547 shares of the investment management company’s stock valued at $1,709,000 after buying an additional 23,500 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in 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 valued at $632,000 after buying an additional 443 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ASA Gold and Precious Metals in a report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ASA Gold and Precious Metals currently has an average rating of “Buy”.

ASA Gold and Precious Metals Stock Down 3.7%

NYSE:ASA traded down $2.08 during mid-day trading on Monday, reaching $54.60. 37,994 shares of the company were exchanged, compared to its average volume of 88,291. ASA Gold and Precious Metals has a 12 month low of $43.20 and a 12 month high of $83.20. The company has a fifty day moving average of $57.91 and a 200 day moving average of $59.91.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited (NYSE:ASA) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in companies involved in the exploration, mining, and processing of gold and other precious metals.

The fund’s portfolio may include businesses associated with gold, silver, platinum-group metals, diamonds, and other precious minerals. Its investments can span mining companies and related enterprises in established and emerging resource-producing regions around the world, giving shareholders exposure to the global precious-metals industry through a single investment vehicle.

Founded in 1958 and incorporated in Bermuda, ASA Gold and Precious Metals Limited does not operate mines or sell physical metals directly.