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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 47,558 shares, a drop of 51.4% from the May 14th total of 97,834 shares. Based on an average daily volume of 548,535 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of GAMCO Global Gold, Natural Resources & Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GGN. Wolverine Asset Management LLC acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth approximately $3,172,000. Janney Montgomery Scott LLC increased its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 42.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,305,574 shares of the investment management company’s stock valued at $6,946,000 after acquiring an additional 386,270 shares during the period. Capital Wealth Alliance LLC increased its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 123.5% in the 4th quarter. Capital Wealth Alliance LLC now owns 650,660 shares of the investment management company’s stock valued at $3,357,000 after acquiring an additional 359,530 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 51.9% in the 4th quarter. Kestra Advisory Services LLC now owns 684,566 shares of the investment management company’s stock valued at $3,532,000 after acquiring an additional 233,988 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at $1,094,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Up 1.4%

GGN stock traded up $0.07 during midday trading on Friday, reaching $4.95. 456,623 shares of the company were exchanged, compared to its average volume of 615,431. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.31 and a 1-year high of $5.88. The stock’s 50-day simple moving average is $5.27 and its 200 day simple moving average is $5.32.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.