Short Interest in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Expands By 35.1%

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 52,300 shares, a growth of 35.1% from the February 28th total of 38,700 shares. Based on an average daily trading volume, of 41,800 shares, the short-interest ratio is presently 1.3 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 firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $5.80, for a total value of $83,607.00. Following the completion of the transaction, the insider now directly owns 1,812,289 shares in the company, valued at $10,511,276.20. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 20,635 shares of company stock worth $120,243.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of GAMCO Natural Resources, Gold & Income Trust by 59.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 45,651 shares of the investment management company’s stock worth $241,000 after acquiring an additional 16,974 shares during the period. Private Advisor Group LLC raised its holdings 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 worth $167,000 after purchasing an additional 4,017 shares during the period. Quarry LP purchased a new position in GAMCO Natural Resources, Gold & Income Trust during the third quarter worth approximately $151,000. PFG Investments LLC grew its holdings in GAMCO Natural Resources, Gold & Income Trust by 120.5% in the fourth quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock valued at $528,000 after purchasing an additional 54,526 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at approximately $1,806,000.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

GNT traded down $0.02 during trading on Tuesday, reaching $6.07. 35,043 shares of the company’s stock were exchanged, compared to its average volume of 41,014. The company’s fifty day simple moving average is $5.86 and its 200-day simple moving average is $5.80. GAMCO Natural Resources, Gold & Income Trust has a 1 year low of $5.09 and a 1 year high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.48 annualized dividend and a yield of 7.91%.

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.