Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Grows By 135.6%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 112,042 shares, a growth of 135.6% from the May 31st total of 47,558 shares. Based on an average daily volume of 622,921 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of 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 acquiring an additional 16,841 shares during the period. Baird Financial Group Inc. grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 18.1% in the second quarter. Baird Financial Group Inc. now owns 98,070 shares of the investment management company’s stock worth $431,000 after purchasing an additional 15,061 shares in the last quarter. Walleye Capital LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust in the second quarter worth approximately $198,000. Raymond James Financial Inc. increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 40.7% during the 2nd quarter. Raymond James Financial Inc. now owns 460,108 shares of the investment management company’s stock worth $2,020,000 after purchasing an additional 133,037 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 9.4% in 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.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 0.6%

Shares of NYSEAMERICAN GGN traded up $0.03 during midday trading on Tuesday, hitting $4.84. The company’s stock had a trading volume of 600,987 shares, compared to its average volume of 628,701. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $4.36 and a 12-month high of $5.88. The business’s 50 day moving average is $5.14 and its two-hundred day moving average is $5.30.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued 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%.

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.