GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE:GGN) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 173,627 shares, an increase of 1,235.9% from the July 31st total of 12,997 shares. Based on an average daily trading volume, of 430,768 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst during the second quarter worth $119,000. Stifel Financial Corp raised its position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 6.8% in the second quarter. Stifel Financial Corp now owns 29,478 shares of the investment management company’s stock worth $165,000 after buying an additional 1,880 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 19.0% in the second quarter. Flagship Harbor Advisors LLC now owns 30,861 shares of the investment management company’s stock worth $172,000 after buying an additional 4,920 shares in the last quarter. Allegis Investment Advisors LLC raised its position 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 buying an additional 2,496 shares in the last quarter. Finally, Highlander Capital Management LLC raised its position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 50.5% in the second quarter. Highlander Capital Management LLC now owns 32,800 shares of the investment management company’s stock worth $183,000 after buying an additional 11,000 shares in the last quarter.

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE GGN) opened at 5.60 on Tuesday. The stock’s 50 day moving average price is $5.55 and its 200-day moving average price is $5.60. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 52-week low of $5.07 and a 52-week high of $6.63.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 17th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date of this dividend is Monday, October 16th.

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GAMCO Global Gold Ntrl Rsrcs & Incm Trst Company Profile

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.

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