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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large drop in short interest during the month of 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 trading volume, of 548,535 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Several institutional investors have recently made changes to their positions in GGN. Global Retirement Partners LLC boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 165.9% during the 4th quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock worth $30,000 after purchasing an additional 3,601 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth $51,000. Assetmark Inc. boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 166.7% during the 3rd quarter. Assetmark Inc. now owns 10,400 shares of the investment management company’s stock worth $54,000 after purchasing an additional 6,500 shares in the last quarter. NBC Securities Inc. boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 155.6% during the 4th quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company’s stock worth $59,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth $66,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

NYSEAMERICAN:GGN traded up $0.07 during midday trading on Friday, reaching $4.95. The stock had a trading volume of 456,623 shares, compared to its average volume of 615,431. The firm has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.32. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $4.31 and a 12-month high of $5.88.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

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

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.