Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Rises By 136.5%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 264,983 shares, a growth of 136.5% from the June 15th total of 112,042 shares. Based on an average daily volume of 770,404 shares, the days-to-cover ratio is presently 0.3 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of GGN traded down $0.09 on Thursday, reaching $4.84. 227,531 shares of the stock traded hands, compared to its average volume of 608,308. The stock’s 50-day moving average price is $5.04 and its 200-day moving average price is $5.28. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $4.36 and a 12 month high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Institutional Trading of GAMCO Global Gold, Natural Resources & Income Trust

Several institutional investors have recently made changes to their positions in GGN. Royal Bank of Canada lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 7.2% during the first quarter. Royal Bank of Canada now owns 251,961 shares of the investment management company’s stock worth $1,101,000 after purchasing an additional 16,841 shares during the period. Baird Financial Group Inc. grew its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 18.1% in the 2nd quarter. Baird Financial Group Inc. now owns 98,070 shares of the investment management company’s stock valued at $431,000 after purchasing an additional 15,061 shares during the period. Walleye Capital LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 2nd quarter worth approximately $198,000. Raymond James Financial Inc. raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 40.7% in the 2nd quarter. Raymond James Financial Inc. now owns 460,108 shares of the investment management company’s stock worth $2,020,000 after buying an additional 133,037 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 946,230 shares of the investment management company’s stock worth $4,154,000 after buying an additional 81,045 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.