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

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

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

NYSEAMERICAN GGN traded up $0.02 on Wednesday, hitting $4.93. 320,285 shares of the company traded hands, compared to its average volume of 611,202. The business’s 50 day moving average price is $5.04 and its 200-day moving average price is $5.28. GAMCO Global Gold, Natural Resources & Income Trust has a 52-week low of $4.36 and a 52-week high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 42.0% during the first 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 in the last quarter. Bank of America Corp DE increased its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.5% in the first quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock worth $6,878,000 after purchasing an additional 101,590 shares in the last quarter. Sovran Advisors LLC raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 0.9% during the 1st quarter. Sovran Advisors LLC now owns 957,497 shares of the investment management company’s stock valued at $5,056,000 after purchasing an additional 8,987 shares during the period. Private Advisor Group LLC raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.8% during the 1st quarter. Private Advisor Group LLC now owns 782,421 shares of the investment management company’s stock valued at $4,162,000 after purchasing an additional 13,778 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 694,016 shares of the investment management company’s stock valued at $3,692,000 after buying an additional 9,450 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.