GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Stock Short Interest Climbs 252.8%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 195,649 shares, an increase of 252.8% from the September 15th total of 55,455 shares. Based on an average daily trading volume, of 504,113 shares, the days-to-cover ratio is presently 0.4 days.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 1.1%

GGN stock traded up $0.06 on Friday, reaching $5.32. 243,144 shares of the company’s stock were exchanged, compared to its average volume of 583,994. The stock has a fifty day moving average of $5.43 and a 200-day moving average of $5.23. GAMCO Global Gold, Natural Resources & Income Trust has a twelve month low of $4.63 and a twelve month high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business 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 $0.0350 per share. This represents a $0.42 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, December 11th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in GGN. Tactive Advisors LLC purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter valued at about $56,000. Assetmark Inc. boosted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 40.0% during the first 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 in the last quarter. Triad Wealth Partners LLC acquired a new position in GAMCO Global Gold, Natural Resources & Income Trust during the first quarter worth about $80,000. Pacific Sage Partners LLC acquired a new position in GAMCO Global Gold, Natural Resources & Income Trust during the second quarter worth about $84,000. Finally, Fifth Third Bancorp purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the first quarter valued at about $121,000.

About GAMCO Global Gold, Natural Resources & Income Trust

(Get Free Report)

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end investment company listed on the NYSE American under the symbol GGN. The fund seeks to provide current income and capital appreciation by investing primarily in companies involved in gold, natural resources and related industries.

The trust generally invests in equity securities of global companies engaged in the exploration, development, production and processing of gold and other natural resources. Its portfolio may also include income-producing securities.

Further Reading

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