GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE:GGN) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 618,712 shares, an increase of 42.1% from the October 13th total of 435,366 shares. Based on an average daily volume of 555,082 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Several large investors have recently added to or reduced their stakes in GGN. Janney Montgomery Scott LLC grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 8.7% in the second quarter. Janney Montgomery Scott LLC now owns 186,975 shares of the investment management company’s stock worth $1,030,000 after purchasing an additional 14,945 shares in the last quarter. Nwam LLC grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 0.6% in the second quarter. Nwam LLC now owns 54,650 shares of the investment management company’s stock worth $301,000 after purchasing an additional 300 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 1.1% in the second quarter. Wedbush Securities Inc. now owns 116,751 shares of the investment management company’s stock worth $643,000 after purchasing an additional 1,242 shares in the last quarter. Allegis Investment Advisors LLC grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 8.2% in the second quarter. Allegis Investment Advisors LLC now owns 32,847 shares of the investment management company’s stock worth $181,000 after purchasing an additional 2,496 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 15.8% during the second quarter. BB&T Securities LLC now owns 141,944 shares of the investment management company’s stock valued at $782,000 after buying an additional 19,352 shares in the last quarter.

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE:GGN) opened at $5.45 on Friday. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 52 week low of $5.07 and a 52 week high of $6.13.

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.60 annualized dividend and a dividend yield of 11.01%.

TRADEMARK VIOLATION NOTICE: This report was first posted by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.watchlistnews.com/gamco-global-gold-ntrl-rsrcs-incm-trst-ggn-sees-large-growth-in-short-interest/1697258.html.

About GAMCO Global Gold Ntrl Rsrcs & Incm Trst

GAMCO Global Gold, Natural Resources & Income Trust (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and its primary objective.

Receive News & Ratings for GAMCO Global Gold Ntrl Rsrcs & Incm Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAMCO Global Gold Ntrl Rsrcs & Incm Trst and related companies with Analyst Ratings Network's FREE daily email newsletter.