GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Update

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 165,600 shares, a growth of 309.9% from the December 31st total of 40,400 shares. Based on an average daily trading volume, of 531,400 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Institutional investors have recently modified their holdings of the company. Truist Financial Corp increased its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 4.2% in the second quarter. Truist Financial Corp now owns 66,052 shares of the investment management company’s stock worth $268,000 after purchasing an additional 2,654 shares during the period. Cetera Investment Advisers increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 9.8% in the 2nd quarter. Cetera Investment Advisers now owns 487,696 shares of the investment management company’s stock worth $1,975,000 after buying an additional 43,328 shares during the period. Sanctuary Advisors LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 2nd quarter worth approximately $44,000. Capital Market Strategies LLC lifted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 9.5% during the third quarter. Capital Market Strategies LLC now owns 28,851 shares of the investment management company’s stock worth $123,000 after buying an additional 2,500 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 12.3% in the third quarter. Atomi Financial Group Inc. now owns 101,627 shares of the investment management company’s stock valued at $435,000 after acquiring an additional 11,162 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of NYSEAMERICAN GGN traded up $0.08 during mid-day trading on Thursday, reaching $4.08. 537,106 shares of the company traded hands, compared to its average volume of 466,249. GAMCO Global Gold, Natural Resources & Income Trust has a fifty-two week low of $3.66 and a fifty-two week high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.36 annualized dividend and a yield of 8.83%.

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.