Short-term stake in ASA Gold and Precious Metals Limited (NYSE:ASA) increases 28.6%

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Rating) was the target of significant short-term interest growth during the month of June. As of June 15, there was short interest totaling 10,800 shares, a growth of 28.6% from the total of 8,400 shares as of May 31. Based on an average daily volume of 57,100 shares, the day-to-cover ratio is currently 0.2 days.

Shares of ASA rose $0.26 on Friday, hitting $14.93. 23,962 shares of the stock are trading in the hands, compared to its average volume of 48,094. The stock’s 50-day moving average is $18.11 and its two-hundred-day moving average is $20.50. ASA Gold and Precious Metals has a 1-year low of $14.58 and a 1-year high of $23.79.

Several institutional investors and hedge funds have recently changed their positions in the stock. Raymond James & Associates increased its stake in ASA Gold and Precious Metals shares by 9.2% during the first quarter. Raymond James & Associates now owns 606,298 shares of the investment management firm valued at $13,587,000 after purchasing an additional 51,214 shares during the period. Twelve Points Wealth Management LLC increased its stake in ASA Gold and Precious Metals shares by 0.7% during the first quarter. Twelve Points Wealth Management LLC now owns 355,204 shares of the investment management company valued at $7,960,000 after purchasing an additional 2,538 shares during the period. Peapack Gladstone Financial Corp increased its stake in shares of ASA Gold and Precious Metals by 0.3% during the fourth quarter. Peapack Gladstone Financial Corp now owns 236,605 shares of the investment management firm valued at $4,990,000 after purchasing an additional 629 shares during the period. Wolverine Asset Management LLC purchased a new position in ASA Gold and Precious Metals during the fourth quarter for a value of approximately $3,458,000. Finally, Quantedge Capital Pte Ltd increased its stake in ASA Gold and Precious Metals by 16.7% during the fourth quarter. Quantedge Capital Pte Ltd now owns 133,442 shares of the investment management firm worth $2,814,000 after purchasing an additional 19,100 shares during the period. 28.22% of the shares are currently held by institutional investors and hedge funds.

About ASA Gold and Precious Metals (Get an assessment)

ASA Gold and Precious Metals Limited is a public investment manager. The company invests in stock markets around the world. It invests primarily in shares of companies engaged in the exploration, extraction or processing of gold, silver, platinum, diamonds or other precious minerals. It also invests in exchange-traded funds.

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