GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Short Interest Up 46.4% in December

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 34,060 shares, a growth of 46.4% from the November 30th total of 23,270 shares. Based on an average daily volume of 115,464 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 115,464 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in GAMCO Natural Resources, Gold & Income Trust by 3.5% during the 1st quarter. NewEdge Advisors LLC now owns 62,164 shares of the investment management company’s stock worth $379,000 after buying an additional 2,077 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the first quarter worth $148,000. Stephens Inc. AR lifted its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 212.6% during the second quarter. Stephens Inc. AR now owns 36,610 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 24,900 shares during the period. Capital Wealth Alliance LLC acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the second quarter worth about $2,269,000. Finally, Samalin Investment Counsel LLC increased its position in GAMCO Natural Resources, Gold & Income Trust by 21.2% in the second quarter. Samalin Investment Counsel LLC now owns 63,511 shares of the investment management company’s stock worth $399,000 after purchasing an additional 11,122 shares during the period.

GAMCO Natural Resources, Gold & Income Trust Price Performance

Shares of GNT stock traded down $0.01 during trading hours on Tuesday, hitting $7.55. 152,120 shares of the company’s stock were exchanged, compared to its average volume of 70,114. GAMCO Natural Resources, Gold & Income Trust has a 52 week low of $5.02 and a 52 week high of $8.06. The stock’s 50-day moving average is $7.21 and its 200-day moving average is $6.86.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

GAMCO Natural Resources, Gold & Income Trust Company Profile

The GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. The fund primarily invests in equity securities of companies engaged in the natural resources sector, including mining, energy, agriculture and forestry businesses. In addition to selecting resource-oriented equities, the trust employs a covered-call writing strategy on select holdings to generate supplemental income for its shareholders.

Portfolio exposures span a broad range of industries within the natural resources space, such as precious metals producers, base metals miners, oil and gas companies, agricultural firms and related service providers.