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

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

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

Hedge funds have recently bought and sold shares of the business. RFG Advisory LLC raised 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 in the last quarter. Baird Financial Group Inc. lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 2.8% in the second quarter. Baird Financial Group Inc. now owns 83,877 shares of the investment management company’s stock worth $406,000 after buying an additional 2,261 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.0% in the second quarter. Concurrent Investment Advisors LLC now owns 112,930 shares of the investment management company’s stock worth $547,000 after buying an additional 3,322 shares during the last quarter. Assetmark Inc. boosted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 40.0% during the 1st 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 in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 32.6% during the 2nd quarter. Allworth Financial LP now owns 32,560 shares of the investment management company’s stock worth $158,000 after acquiring an additional 8,005 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of GGN remained flat at $5.32 during mid-day trading on Monday. 287,232 shares of the stock traded hands, compared to its average volume of 582,472. The firm’s fifty day simple moving average is $5.44 and its two-hundred day simple moving average is $5.23. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $4.63 and a 52 week high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be issued a $0.0350 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.42 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 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.