GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 136.5% in June

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 264,983 shares, a growth of 136.5% from the June 15th total of 112,042 shares. Based on an average daily trading volume, of 770,404 shares, the short-interest ratio is presently 0.3 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of GGN. Wolverine Asset Management LLC purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth approximately $3,172,000. Janney Montgomery Scott LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 42.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock valued at $6,946,000 after purchasing an additional 386,270 shares during the period. Capital Wealth Alliance LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 123.5% during the fourth quarter. Capital Wealth Alliance LLC now owns 650,660 shares of the investment management company’s stock valued at $3,357,000 after purchasing an additional 359,530 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 51.9% during the fourth quarter. Kestra Advisory Services LLC now owns 684,566 shares of the investment management company’s stock valued at $3,532,000 after purchasing an additional 233,988 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth $1,094,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

GGN stock traded up $0.03 on Tuesday, reaching $4.91. The company’s stock had a trading volume of 332,778 shares, compared to its average volume of 613,407. The business has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $5.28. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $4.36 and a 12-month high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Wednesday, September 16th.

About GAMCO Global Gold, Natural Resources & Income Trust

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.