GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 274,309 shares, a drop of 55.7% from the October 31st total of 618,712 shares. Based on an average trading volume of 593,889 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

GAMCO Global Gold, Natural Resources & Income Trust (GGN) opened at $5.28 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $5.13 and a 1 year high of $5.84.

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 11.36%.

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the second quarter valued at approximately $119,000. Sigma Planning Corp acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter valued at approximately $157,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter valued at approximately $162,000. Stifel Financial Corp increased its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 6.8% in the second quarter. Stifel Financial Corp now owns 29,478 shares of the investment management company’s stock valued at $165,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 19.0% in the second quarter. Flagship Harbor Advisors LLC now owns 30,861 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 4,920 shares during the last quarter.

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GAMCO Global Gold, Natural Resources & Income Trust 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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