GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Update

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large increase in short interest during 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 trading volume of 618,776 shares, the days-to-cover ratio is presently 0.2 days.

GAMCO Global Gold, Natural Resources & Income Trust Trading Down 1.1%

GAMCO Global Gold, Natural Resources & Income Trust stock opened at $5.50 on Tuesday. GAMCO Global Gold, Natural Resources & Income Trust has a fifty-two week low of $4.63 and a fifty-two week high of $5.88. The firm has a 50 day moving average price of $5.24 and a 200 day moving average price of $5.24.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

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

Institutional Investors Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Several institutional investors and hedge funds have recently modified their holdings of GGN. Janney Montgomery Scott LLC grew its holdings in shares of 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 valued at $6,946,000 after purchasing an additional 386,270 shares in the last quarter. Bank of America Corp DE increased its stake in GAMCO Global Gold, Natural Resources & Income Trust by 8.5% during the 1st quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock worth $6,878,000 after buying an additional 101,590 shares during the period. Sovran Advisors LLC lifted its holdings in 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 worth $5,056,000 after buying an additional 8,987 shares in the last quarter. Private Advisor Group LLC lifted its holdings in 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 worth $4,162,000 after buying an additional 13,778 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 1.4% in the 1st quarter. Kestra Advisory Services LLC now owns 694,016 shares of the investment management company’s stock valued at $3,692,000 after buying an additional 9,450 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.