GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Sees Large Increase in Short Interest

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 112,042 shares, an increase of 135.6% from the May 31st total of 47,558 shares. Based on an average daily volume of 622,921 shares, the days-to-cover ratio is presently 0.2 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 0.3%

NYSEAMERICAN GGN traded down $0.01 during trading hours on Wednesday, hitting $4.83. The company had a trading volume of 241,529 shares, compared to its average volume of 625,264. The firm has a 50 day simple moving average of $5.14 and a 200 day simple moving average of $5.30. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $4.36 and a 52 week high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders 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) annualized dividend and a dividend yield of 7.5%.

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

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 8.5% during the 1st quarter. Bank of America Corp DE now owns 1,292,854 shares of the investment management company’s stock valued at $6,878,000 after purchasing an additional 101,590 shares during the last quarter. Assetmark Inc. increased its stake in shares of 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 valued at $77,000 after buying an additional 4,156 shares during the period. Calamos Advisors LLC lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 59.9% in the 1st quarter. Calamos Advisors LLC now owns 136,525 shares of the investment management company’s stock worth $726,000 after purchasing an additional 51,121 shares during the period. Fifth Third Bancorp purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter valued at approximately $121,000. Finally, Sovran Advisors LLC boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 0.9% during the 1st quarter. Sovran Advisors LLC now owns 957,497 shares of the investment management company’s stock valued at $5,056,000 after buying an additional 8,987 shares in the last quarter.

About GAMCO Global Gold, Natural Resources & Income Trust

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.