GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Sees Large Decrease in Short Interest

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 119,576 shares, a decline of 61.9% from the July 15th total of 313,803 shares. Based on an average daily volume of 654,511 shares, the short-interest ratio is presently 0.2 days.

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

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

GAMCO Global Gold, Natural Resources & Income Trust Trading Down 0.6%

Shares of GAMCO Global Gold, Natural Resources & Income Trust stock opened at $5.33 on Friday. The company has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $5.24. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $4.43 and a one year high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be paid a $0.035 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Friday, December 11th.

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.