ASA Gold and Precious Metals Limited (NYSE:ASA – Get Rating) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 24,900 shares, a growth of 361.1% from the November 30th total of 5,400 shares. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is currently 0.4 days.
ASA Gold and Precious Metals Trading Down 2.2 %
NYSE ASA traded down $0.32 on Wednesday, reaching $14.25. The company had a trading volume of 24,130 shares, compared to its average volume of 65,463. The stock’s 50 day moving average is $13.60 and its 200-day moving average is $14.02. ASA Gold and Precious Metals has a 52 week low of $11.93 and a 52 week high of $23.79.
Institutional Investors Weigh In On ASA Gold and Precious Metals
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its stake in ASA Gold and Precious Metals by 27.5% in the first quarter. Advisor Group Holdings Inc. now owns 18,529 shares of the investment management company’s stock valued at $415,000 after acquiring an additional 4,000 shares during the period. Raymond James & Associates grew its stake in ASA Gold and Precious Metals by 9.2% in the first quarter. Raymond James & Associates now owns 606,298 shares of the investment management company’s stock valued at $13,587,000 after acquiring an additional 51,214 shares during the period. HighTower Advisors LLC acquired a new position in ASA Gold and Precious Metals in the first quarter valued at about $301,000. Pekin Hardy Strauss Inc. grew its stake in ASA Gold and Precious Metals by 11.3% in the first quarter. Pekin Hardy Strauss Inc. now owns 76,370 shares of the investment management company’s stock valued at $1,711,000 after acquiring an additional 7,745 shares during the period. Finally, Ancora Advisors LLC acquired a new position in ASA Gold and Precious Metals in the first quarter valued at about $90,000. Institutional investors own 34.06% of the company’s stock.
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.
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