Short Interest in ASA Gold and Precious Metals Limited (NYSE:ASA) Drops By 35.7%

ASA Gold and Precious Metals Limited (NYSE:ASA) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 28,300 shares, a drop of 35.7% from the February 13th total of 44,000 shares. Based on an average daily volume of 61,100 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

ASA Gold and Precious Metals Price Performance

Shares of ASA Gold and Precious Metals stock traded up $0.17 on Friday, reaching $26.82. The stock had a trading volume of 33,681 shares, compared to its average volume of 53,100. ASA Gold and Precious Metals has a fifty-two week low of $14.55 and a fifty-two week high of $27.15. The business’s 50-day moving average price is $24.07 and its two-hundred day moving average price is $21.81.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. LaSalle St. Investment Advisors LLC raised its stake in shares of ASA Gold and Precious Metals by 47.5% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 2,014 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 649 shares in the last quarter. Covestor Ltd raised its stake in shares of ASA Gold and Precious Metals by 17.2% in the 4th quarter. Covestor Ltd now owns 4,825 shares of the investment management company’s stock valued at $98,000 after buying an additional 707 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of ASA Gold and Precious Metals by 140.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,307 shares of the investment management company’s stock worth $26,000 after acquiring an additional 764 shares during the period. Cetera Investment Advisers boosted its position in shares of ASA Gold and Precious Metals by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company’s stock valued at $1,179,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in ASA Gold and Precious Metals by 8.1% in the fourth quarter. Private Advisor Group LLC now owns 52,030 shares of the investment management company’s stock valued at $1,052,000 after acquiring an additional 3,909 shares during the period.

ASA Gold and Precious Metals Company Profile

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.