GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Sees Significant Decrease in Short Interest

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 163,900 shares, a drop of 5.3% from the March 31st total of 173,000 shares. Based on an average daily volume of 452,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of GAMCO Global Gold, Natural Resources & Income Trust

A number of institutional investors have recently made changes to their positions in the stock. PFG Investments LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the first quarter worth about $304,000. Commonwealth Equity Services LLC grew its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 13.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 590,761 shares of the investment management company’s stock worth $2,280,000 after buying an additional 68,075 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the third quarter valued at approximately $229,000. Fortitude Family Office LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter valued at approximately $162,000. Finally, Formidable Asset Management LLC lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 1.3% in the third quarter. Formidable Asset Management LLC now owns 2,119,270 shares of the investment management company’s stock worth $7,757,000 after acquiring an additional 26,833 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Trading Down 1.5 %

Shares of GGN traded down $0.06 during trading hours on Tuesday, hitting $3.99. The company had a trading volume of 429,763 shares, compared to its average volume of 450,498. GAMCO Global Gold, Natural Resources & Income Trust has a 52-week low of $3.51 and a 52-week high of $4.17.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 16th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.36 dividend on an annualized basis and a yield of 9.02%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related activities.