GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 176.4% in August

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGNGet Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 118,643 shares, a growth of 176.4% from the August 15th total of 42,921 shares. Based on an average daily volume of 618,776 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in GAMCO Global Gold, Natural Resources & Income Trust by 7.2% in the 1st quarter. Royal Bank of Canada now owns 251,961 shares of the investment management company’s stock valued at $1,101,000 after buying an additional 16,841 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 18.1% in the second quarter. Baird Financial Group Inc. now owns 98,070 shares of the investment management company’s stock valued at $431,000 after acquiring an additional 15,061 shares in the last quarter. Walleye Capital LLC bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the second quarter worth $198,000. Raymond James Financial Inc. lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 40.7% during the second quarter. Raymond James Financial Inc. now owns 460,108 shares of the investment management company’s stock worth $2,020,000 after acquiring an additional 133,037 shares during the period. Finally, Bank of America Corp DE grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 946,230 shares of the investment management company’s stock valued at $4,154,000 after purchasing an additional 81,045 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of GAMCO Global Gold, Natural Resources & Income Trust stock opened at $5.56 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $4.63 and a 52 week high of $5.88. The business has a 50 day moving average price of $5.23 and a 200-day moving average price of $5.25.

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. Stockholders of record on Friday, December 11th will be paid a $0.035 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 7.6%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

(Get Free Report)

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.

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