Short Interest in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Grows By 35.1%

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 52,300 shares, an increase of 35.1% from the February 28th total of 38,700 shares. Based on an average daily trading volume, of 41,800 shares, the short-interest ratio is currently 1.3 days.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

GNT traded up $0.04 during midday trading on Monday, reaching $6.08. 21,372 shares of the company were exchanged, compared to its average volume of 40,979. The company’s fifty day moving average price is $5.85 and its 200 day moving average price is $5.80. GAMCO Natural Resources, Gold & Income Trust has a one year low of $5.09 and a one year high of $6.33.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a $0.04 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.48 annualized dividend and a yield of 7.90%.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $5.80, for a total value of $83,607.00. Following the completion of the transaction, the insider now owns 1,812,289 shares in the company, valued at $10,511,276.20. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 20,635 shares of company stock worth $120,243.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth approximately $70,000. Alteri Wealth LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth $75,000. Samalin Investment Counsel LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth $93,000. Quarry LP purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth approximately $151,000. Finally, Private Advisor Group LLC boosted its stake in GAMCO Natural Resources, Gold & Income Trust by 14.6% during the fourth quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock worth $167,000 after buying an additional 4,017 shares during the period.

About GAMCO Natural Resources, Gold & Income Trust

GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.