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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 264,983 shares, a growth 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 currently 0.3 days.

Hedge Funds Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. RFG Advisory LLC lifted 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 worth $139,000 after buying an additional 2,071 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings 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 acquiring an additional 2,789 shares during the last quarter. Ashton Thomas Securities LLC boosted its stake 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 valued at $649,000 after purchasing an additional 3,005 shares in the last quarter. Carnegie Lake Advisors LLC grew its holdings in shares of 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 purchasing an additional 3,500 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of 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 purchasing an additional 3,601 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 0.6%

GGN traded up $0.03 on Tuesday, reaching $4.91. The company had a trading volume of 332,778 shares, compared to its average volume of 613,407. GAMCO Global Gold, Natural Resources & Income Trust has a 52-week low of $4.36 and a 52-week high of $5.88. The business has a 50 day simple moving average of $5.04 and a 200 day simple moving average of $5.28.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a $0.03 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. 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.