GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Down 60.2% in March

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 61,200 shares, a decrease of 60.2% from the February 28th total of 153,900 shares. Based on an average daily volume of 545,900 shares, the days-to-cover ratio is currently 0.1 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of GGN traded down $0.01 during mid-day trading on Friday, reaching $4.34. The company’s stock had a trading volume of 324,579 shares, compared to its average volume of 459,664. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $3.75 and a 52 week high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.29%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth approximately $38,000. Root Financial Partners LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter valued at about $39,000. GWN Securities Inc. bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth about $44,000. Elequin Capital LP purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at about $42,000. Finally, Captrust Financial Advisors bought a new position in GAMCO Global Gold, Natural Resources & Income Trust during the 3rd quarter valued at approximately $52,000.

About GAMCO Global Gold, Natural Resources & Income Trust

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.