GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Sees Large Decrease in Short Interest

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 119,576 shares, a drop of 61.9% from the July 15th total of 313,803 shares. Based on an average daily trading volume, of 654,511 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds have recently modified their holdings of the business. RFG Advisory LLC increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 8.6% during the first 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. Mercer Global Advisors Inc. ADV lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 15.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,716 shares of the investment management company’s stock worth $107,000 after buying an additional 2,789 shares during the period. Ashton Thomas Securities LLC lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 2.4% during the fourth quarter. Ashton Thomas Securities LLC now owns 125,705 shares of the investment management company’s stock worth $649,000 after buying an additional 3,005 shares during the period. Carnegie Lake Advisors LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 3.2% during the 4th quarter. Carnegie Lake Advisors LLC now owns 111,481 shares of the investment management company’s stock valued at $575,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% during the 4th quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 3,601 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

GGN stock opened at $5.33 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.43 and a 1-year high of $5.88. The business has a 50-day moving average price of $4.94 and a 200 day moving average price of $5.24.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

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.