Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Drops By 61.9%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 119,576 shares, a drop of 61.9% from the July 15th total of 313,803 shares. Based on an average daily volume of 654,511 shares, the days-to-cover ratio is presently 0.2 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pacific Sage Partners LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the second quarter worth about $84,000. Wealthcare Advisory Partners LLC grew its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 132.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 339,118 shares of the investment management company’s stock valued at $1,641,000 after buying an additional 192,943 shares during the last quarter. Bank of America Corp DE grew its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 8.5% in the 1st quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock valued at $6,878,000 after buying an additional 101,590 shares during the last quarter. Assetmark Inc. increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 40.0% in the 1st quarter. Assetmark Inc. now owns 14,556 shares of the investment management company’s stock worth $77,000 after buying an additional 4,156 shares during the period. Finally, Calamos Advisors LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 59.9% in the 1st quarter. Calamos Advisors LLC now owns 136,525 shares of the investment management company’s stock worth $726,000 after buying an additional 51,121 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of NYSEAMERICAN GGN traded down $0.01 during trading hours on Friday, hitting $5.32. 454,584 shares of the stock were exchanged, compared to its average volume of 607,122. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $4.43 and a one year high of $5.88. The company’s 50 day moving average is $4.95 and its 200 day moving average is $5.24.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

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.