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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 165,600 shares, a growth of 309.9% from the December 31st total of 40,400 shares. Based on an average trading volume of 531,400 shares, the days-to-cover ratio is currently 0.3 days.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 1.9 %

Shares of NYSEAMERICAN:GGN traded up $0.08 during midday trading on Thursday, reaching $4.08. The company had a trading volume of 537,106 shares, compared to its average volume of 466,249. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $3.66 and a 1-year 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, February 21st. Shareholders of record on Thursday, February 13th will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 8.83%. The ex-dividend date is Thursday, February 13th.

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

Several hedge funds and other institutional investors have recently modified their holdings of GGN. Sovran Advisors LLC acquired a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at approximately $4,047,000. Cetera Investment Advisers grew its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 9.8% during the 2nd quarter. Cetera Investment Advisers now owns 487,696 shares of the investment management company’s stock valued at $1,975,000 after acquiring an additional 43,328 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 21.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 434,077 shares of the investment management company’s stock worth $1,636,000 after acquiring an additional 77,550 shares during the last quarter. Capital Wealth Alliance LLC raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 29.9% during the fourth quarter. Capital Wealth Alliance LLC now owns 323,117 shares of the investment management company’s stock worth $1,218,000 after acquiring an additional 74,289 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 72.1% during the third quarter. Private Advisor Group LLC now owns 313,853 shares of the investment management company’s stock valued at $1,343,000 after purchasing an additional 131,497 shares during the last quarter.

About GAMCO Global Gold, Natural Resources & Income Trust

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.