GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Short Interest Declines 53.3%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 55,455 shares, a drop of 53.3% from the August 31st total of 118,643 shares. Based on an average trading volume of 468,712 shares, the days-to-cover ratio is presently 0.1 days.

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

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 42.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock valued at $6,946,000 after acquiring an additional 386,270 shares during the last quarter. Bank of America Corp DE raised its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 8.5% during the 1st quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock valued at $6,878,000 after buying an additional 101,590 shares during the period. Sovran Advisors LLC raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 0.9% in the first quarter. Sovran Advisors LLC now owns 957,497 shares of the investment management company’s stock valued at $5,056,000 after acquiring an additional 8,987 shares during the period. Private Advisor Group LLC grew its holdings in 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 last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 694,016 shares of the investment management company’s stock worth $3,692,000 after buying an additional 9,450 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

NYSEAMERICAN GGN traded down $0.01 on Wednesday, reaching $5.28. 395,556 shares of the stock were exchanged, compared to its average volume of 594,326. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $4.63 and a one year high of $5.88. The company’s 50-day simple moving average is $5.37 and its two-hundred day simple moving average is $5.22.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be paid a $0.0350 dividend. This represents a $0.42 annualized dividend and a yield of 8.0%. The ex-dividend date is Friday, December 11th.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust is a diversified, closed-end investment fund 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, other precious metals and natural resources.

The fund invests in equity securities of businesses across the global natural resources sector, including companies engaged in mining, metals, energy and related activities. It also uses an options strategy, including writing covered call options on some of its portfolio holdings, to pursue income and manage portfolio exposure.

GGN is advised by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc The fund has a global investment mandate and its portfolio may include companies operating in the United States and international markets.