Short Interest in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Expands By 127.6%

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 38,700 shares, a growth of 127.6% from the February 13th total of 17,000 shares. Based on an average trading volume of 38,900 shares, the days-to-cover ratio is presently 1.0 days.

GAMCO Natural Resources, Gold & Income Trust Trading Up 0.9 %

Shares of NYSE GNT traded up $0.05 during mid-day trading on Friday, reaching $5.91. 18,817 shares of the company’s stock were exchanged, compared to its average volume of 40,363. GAMCO Natural Resources, Gold & Income Trust has a 52 week low of $5.02 and a 52 week high of $6.16. The firm has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $5.78.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently disclosed 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. This represents a $0.48 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date is Friday, June 13th.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.80, for a total transaction of $83,607.00. Following the sale, 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 SEC, which is available at this hyperlink.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNT. Raymond James Financial Inc. bought a new stake in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at about $1,806,000. PFG Investments LLC grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 120.5% during the 4th quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock valued at $528,000 after buying an additional 54,526 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at about $236,000. Absolute Investment Advisers LLC purchased a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at about $228,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at about $190,000.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.