GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Short Interest Down 84.6% in December

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSEAMERICAN:GGN) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 22,017 shares, a decline of 84.6% from the December 14th total of 142,918 shares. Based on an average daily volume of 1,323,196 shares, the days-to-cover ratio is currently 0.0 days.

NYSEAMERICAN:GGN opened at $4.07 on Friday. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 52 week low of $3.51 and a 52 week high of $5.50.

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Wednesday, January 16th will be given a $0.05 dividend. The ex-dividend date is Tuesday, January 15th. This represents a $0.60 dividend on an annualized basis and a yield of 14.74%.

A number of large investors have recently bought and sold shares of GGN. Baird Financial Group Inc. purchased a new stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst in the second quarter valued at $120,000. MML Investors Services LLC grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 216.3% in the third quarter. MML Investors Services LLC now owns 46,558 shares of the investment management company’s stock valued at $219,000 after buying an additional 31,840 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 115.0% in the third quarter. Wells Fargo & Company MN now owns 104,952 shares of the investment management company’s stock valued at $493,000 after buying an additional 56,138 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 26.7% in the third quarter. Private Advisor Group LLC now owns 105,353 shares of the investment management company’s stock valued at $495,000 after buying an additional 22,229 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 271.4% in the third quarter. Moloney Securities Asset Management LLC now owns 125,900 shares of the investment management company’s stock valued at $591,000 after buying an additional 92,000 shares in the last quarter.

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GAMCO Global Gold Ntrl Rsrcs & Incm Trst Company Profile

GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related activities.

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