GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Short Interest Jumps 252.8%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 195,649 shares, an increase of 252.8% from the September 15th total of 55,455 shares. Based on an average trading volume of 504,113 shares, the days-to-cover ratio is presently 0.4 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tactive Advisors LLC purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter worth about $56,000. Assetmark Inc. boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 40.0% during 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 during the last quarter. Triad Wealth Partners LLC acquired a new position in GAMCO Global Gold, Natural Resources & Income Trust during the first quarter worth about $80,000. Pacific Sage Partners LLC purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 2nd quarter valued at about $84,000. Finally, Fifth Third Bancorp purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 1st quarter valued at about $121,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of NYSEAMERICAN:GGN traded down $0.03 during trading on Tuesday, reaching $5.29. The stock had a trading volume of 95,546 shares, compared to its average volume of 579,902. The business has a fifty day moving average price of $5.44 and a 200-day moving average price of $5.23. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.63 and a 1-year high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a $0.0350 dividend. This represents a $0.42 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, December 11th.

About GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end investment company listed on the NYSE American under the symbol GGN. The fund seeks to provide current income and capital appreciation by investing primarily in companies involved in gold, natural resources and related industries.

The trust generally invests in equity securities of global companies engaged in the exploration, development, production and processing of gold and other natural resources. Its portfolio may also include income-producing securities.