Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Rises By 135.6%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 112,042 shares, a growth of 135.6% from the May 31st total of 47,558 shares. Based on an average trading volume of 622,921 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% in the 4th quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 3,601 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth approximately $51,000. NBC Securities Inc. lifted its position in GAMCO Global Gold, Natural Resources & Income Trust by 155.6% during the 4th quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company’s stock worth $59,000 after acquiring an additional 7,000 shares during the period. Equitable Holdings Inc. purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at approximately $66,000. Finally, Assetmark Inc. grew its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 40.0% in the 1st quarter. Assetmark Inc. now owns 14,556 shares of the investment management company’s stock valued at $77,000 after purchasing an additional 4,156 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 0.8%

GGN stock traded down $0.04 on Monday, hitting $4.81. The company’s stock had a trading volume of 547,849 shares, compared to its average volume of 628,461. The firm has a 50 day moving average of $5.17 and a two-hundred day moving average of $5.31. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $4.31 and a 1 year high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 7.5%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income?producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.