GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Short Interest Update

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) saw a significant increase in short interest in 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 trading volume of 41,800 shares, the short-interest ratio is currently 1.3 days.

GAMCO Natural Resources, Gold & Income Trust Stock Down 0.3 %

GNT stock opened at $6.07 on Wednesday. GAMCO Natural Resources, Gold & Income Trust has a 12 month low of $5.09 and a 12 month high of $6.16. The company has a 50-day moving average price of $5.86 and a 200 day moving average price of $5.80.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.48 annualized dividend and a dividend yield of 7.91%.

Insider Buying and Selling

In other GAMCO Natural Resources, Gold & Income Trust news, major shareholder Saba Capital Management, L.P. sold 6,112 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.89, for a total transaction of $35,999.68. Following the transaction, the insider now owns 1,806,177 shares in the company, valued at $10,638,382.53. The trade was a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 20,635 shares of company stock worth $120,243.

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

Institutional investors and hedge funds have recently modified their holdings of the business. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth $70,000. Alteri Wealth LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at about $75,000. Samalin Investment Counsel LLC purchased a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $93,000. Quarry LP bought a new position in GAMCO Natural Resources, Gold & Income Trust in the 3rd quarter worth about $151,000. Finally, Private Advisor Group LLC increased its position in shares of 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 acquiring an additional 4,017 shares during the period.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.