GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 176.4% in August

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 118,643 shares, an increase of 176.4% from the August 15th total of 42,921 shares. Based on an average daily trading volume, of 618,776 shares, the days-to-cover ratio is currently 0.2 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

GGN stock traded down $0.06 during mid-day trading on Monday, hitting $5.50. The company had a trading volume of 477,218 shares, compared to its average volume of 600,916. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $4.63 and a 12 month high of $5.88. The stock’s fifty day moving average price is $5.23 and its two-hundred day moving average price is $5.24.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.035 per share. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 7.6%.

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

Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 42.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock worth $6,946,000 after buying an additional 386,270 shares during the last quarter. Bank of America Corp DE raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.5% in the first 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 lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 0.9% during the 1st quarter. Sovran Advisors LLC now owns 957,497 shares of the investment management company’s stock valued at $5,056,000 after buying an additional 8,987 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of 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 buying an additional 13,778 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 694,016 shares of the investment management company’s stock worth $3,692,000 after acquiring an additional 9,450 shares during the period.

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.