Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Declines By 51.4%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 47,558 shares, a decline of 51.4% from the May 14th total of 97,834 shares. Based on an average daily trading volume, of 548,535 shares, the short-interest ratio is currently 0.1 days.

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

Several large investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 8.6% in the 1st quarter. RFG Advisory LLC now owns 26,190 shares of the investment management company’s stock valued at $139,000 after buying an additional 2,071 shares during the period. Wedbush Securities Inc. lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 6.0% in the 3rd quarter. Wedbush Securities Inc. now owns 40,338 shares of the investment management company’s stock worth $208,000 after purchasing an additional 2,291 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 15.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,716 shares of the investment management company’s stock worth $107,000 after purchasing an additional 2,789 shares during the period. Truist Financial Corp lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.4% in the 3rd quarter. Truist Financial Corp now owns 89,812 shares of the investment management company’s stock worth $463,000 after purchasing an additional 2,950 shares during the period. Finally, Ashton Thomas Securities LLC lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 2.4% in the 4th quarter. Ashton Thomas Securities LLC now owns 125,705 shares of the investment management company’s stock worth $649,000 after purchasing an additional 3,005 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

GAMCO Global Gold, Natural Resources & Income Trust stock traded up $0.06 during trading hours on Monday, hitting $5.01. The company had a trading volume of 698,125 shares, compared to its average volume of 616,163. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $4.31 and a 1 year high of $5.88. The company has a 50-day moving average price of $5.27 and a two-hundred day moving average price of $5.32.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.03 dividend. This represents a c) annualized dividend and a yield of 7.2%. 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.