Short Interest in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Decreases By 11.9%

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 17,000 shares, a decline of 11.9% from the January 31st total of 19,300 shares. Based on an average daily volume of 36,400 shares, the short-interest ratio is presently 0.5 days.

Insider Transactions at GAMCO Natural Resources, Gold & Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.80, for a total transaction of $83,607.00. Following the transaction, the insider now directly owns 1,812,289 shares in the company, valued at $10,511,276.20. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stephens Inc. AR grew its stake in GAMCO Natural Resources, Gold & Income Trust by 21.9% in the 3rd quarter. Stephens Inc. AR now owns 13,210 shares of the investment management company’s stock valued at $78,000 after buying an additional 2,375 shares during the last quarter. LPL Financial LLC grew its stake in GAMCO Natural Resources, Gold & Income Trust by 1.9% in the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock valued at $964,000 after buying an additional 3,337 shares during the last quarter. Private Advisor Group LLC grew its stake in GAMCO Natural Resources, Gold & Income Trust by 14.6% in the 4th quarter. Private Advisor Group LLC now owns 31,538 shares of the investment management company’s stock valued at $167,000 after buying an additional 4,017 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $70,000. Finally, Alteri Wealth LLC acquired a new position in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $75,000.

GAMCO Natural Resources, Gold & Income Trust Trading Down 0.4 %

Shares of GNT opened at $5.80 on Friday. GAMCO Natural Resources, Gold & Income Trust has a 52 week low of $5.02 and a 52 week high of $6.16. The firm’s 50-day simple moving average is $5.70 and its 200 day simple moving average is $5.78.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be paid a $0.04 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 8.28%.

About GAMCO Natural Resources, Gold & Income Trust

GAMCO Natural Resources, Gold & 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 public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.