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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 40,400 shares, a growth of 95.2% from the November 30th total of 20,700 shares. Based on an average trading volume of 487,000 shares, the days-to-cover ratio is currently 0.1 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

NYSEAMERICAN:GGN traded down $0.01 on Friday, reaching $3.84. 444,485 shares of the stock traded hands, compared to its average volume of 428,440. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $3.66 and a 12 month high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 16th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $0.36 dividend on an annualized basis and a yield of 9.38%.

Hedge Funds Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter worth about $56,000. Discipline Wealth Solutions LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter worth approximately $184,000. Stifel Financial Corp raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.4% during the third quarter. Stifel Financial Corp now owns 254,619 shares of the investment management company’s stock valued at $1,090,000 after purchasing an additional 8,423 shares during the last quarter. Captrust Financial Advisors bought a new position in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter valued at approximately $52,000. Finally, Cornerstone Advisors LLC purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the third quarter worth approximately $73,000.

GAMCO Global Gold, Natural Resources & Income Trust 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.