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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGNGet Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 153,900 shares, a growth of 37.0% from the February 13th total of 112,300 shares. Based on an average trading volume of 534,800 shares, the short-interest ratio is currently 0.3 days.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 1.0 %

Shares of NYSEAMERICAN GGN traded up $0.04 during midday trading on Monday, reaching $4.24. 791,977 shares of the stock traded hands, compared to its average volume of 451,057. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $3.75 and a one year high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.49%.

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

A number of large investors have recently made changes to their positions in GGN. Stephens Inc. AR bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at approximately $38,000. Root Financial Partners LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth $39,000. GWN Securities Inc. bought a new position in GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter valued at $44,000. Elequin Capital LP purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter valued at $42,000. Finally, Captrust Financial Advisors bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter worth about $52,000.

About GAMCO Global Gold, Natural Resources & Income Trust

(Get Free Report)

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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