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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 47,558 shares, a drop of 51.4% from the May 14th total of 97,834 shares. Based on an average trading volume of 548,535 shares, the short-interest ratio is currently 0.1 days.

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

A number of hedge funds have recently bought and sold shares of GGN. Global Retirement Partners LLC raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% during the fourth quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock worth $30,000 after buying an additional 3,601 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth $51,000. Assetmark Inc. raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 166.7% during the third quarter. Assetmark Inc. now owns 10,400 shares of the investment management company’s stock worth $54,000 after buying an additional 6,500 shares during the last quarter. NBC Securities Inc. raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 155.6% during the fourth quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company’s stock worth $59,000 after buying an additional 7,000 shares during the last quarter. Finally, Equitable Holdings Inc. bought a new position in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth $66,000.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

NYSEAMERICAN GGN traded up $0.07 during mid-day trading on Friday, reaching $4.95. 456,623 shares of the stock were exchanged, compared to its average volume of 615,431. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $4.31 and a one year high of $5.88. The stock has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $5.32.

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 dividend of $0.03 per share. 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.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.