ASA Gold and Precious Metals Limited (NYSE:ASA) Sees Significant Increase in Short Interest

ASA Gold and Precious Metals Limited (NYSE:ASA) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 44,000 shares, a growth of 92.1% from the January 31st total of 22,900 shares. Based on an average daily trading volume, of 61,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Sessa Capital IM L.P. boosted its holdings in shares of ASA Gold and Precious Metals by 22.1% in the 4th quarter. Sessa Capital IM L.P. now owns 671,673 shares of the investment management company’s stock valued at $13,581,000 after purchasing an additional 121,673 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of ASA Gold and Precious Metals by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 58,308 shares of the investment management company’s stock worth $1,179,000 after acquiring an additional 1,500 shares during the last quarter. Capstone Investment Advisors LLC boosted its stake in shares of ASA Gold and Precious Metals by 634.3% in the 4th quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company’s stock valued at $5,383,000 after purchasing an additional 229,968 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 4th quarter valued at approximately $372,000. Finally, Walleye Capital LLC bought a new stake in shares of ASA Gold and Precious Metals during the 4th quarter valued at approximately $346,000.

ASA Gold and Precious Metals Stock Up 3.2 %

Shares of NYSE ASA traded up $0.78 during midday trading on Monday, reaching $25.19. The company’s stock had a trading volume of 12,147 shares, compared to its average volume of 68,287. ASA Gold and Precious Metals has a fifty-two week low of $14.02 and a fifty-two week high of $26.80. The business’s 50 day moving average price is $23.01 and its two-hundred day moving average price is $21.39.

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. It also invests in exchange traded funds.