GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Short Interest Declines 53.3%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 104,066 shares, a decline of 53.3% from the October 15th total of 223,055 shares. Based on an average daily volume of 438,567 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Trust Co acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $53,000. Tactive Advisors LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $56,000. Blue Bell Private Wealth Management LLC grew its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 60.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 11,872 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 4,485 shares during the last quarter. Assetmark Inc. grew its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 40.0% in the first quarter. Assetmark Inc. now owns 14,556 shares of the investment management company’s stock valued at $77,000 after purchasing an additional 4,156 shares during the last quarter. Finally, Focus Advisor Solutions LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter valued at approximately $79,000.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of NYSEAMERICAN:GGN traded down $0.04 on Friday, hitting $5.06. The company had a trading volume of 207,182 shares, compared to its average volume of 565,173. The stock has a 50 day moving average price of $5.29 and a 200 day moving average price of $5.27. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.69 and a 1-year high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 24th. Investors of record on Wednesday, March 17th will be issued a dividend of $0.0350 per share. The ex-dividend date of this dividend is Wednesday, March 17th. This represents a $0.42 annualized dividend and a dividend yield of 8.3%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end investment company listed on the NYSE American under the symbol GGN. The fund seeks to provide a high level of current income while also pursuing long-term capital appreciation through investments in companies involved in gold and other natural-resource industries. The fund invests primarily in equity securities of businesses engaged in the exploration, development, production, processing, or distribution of gold and other natural resources.