GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Down 61.9% in July

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

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Total Wealth Planning & Management Inc. bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth approximately $512,000. Wolverine Asset Management LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at approximately $3,172,000. Janney Montgomery Scott LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 42.0% in 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 purchasing an additional 386,270 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 132.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 339,118 shares of the investment management company’s stock valued at $1,641,000 after purchasing an additional 192,943 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter worth approximately $176,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 0.2%

Shares of NYSEAMERICAN GGN traded down $0.01 during midday trading on Friday, reaching $5.32. 454,584 shares of the stock traded hands, compared to its average volume of 607,122. The company’s 50 day moving average is $4.95 and its 200 day moving average is $5.24. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $4.43 and a one year high of $5.88.

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. Investors of record on Friday, December 11th will be paid 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.