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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 151,500 shares, a growth of 7.5% from the September 30th total of 140,900 shares. Based on an average daily volume of 376,300 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of large investors have recently made changes to their positions in GGN. Farther Finance Advisors LLC purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $34,000. Atlas Private Wealth Advisors purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the second quarter valued at approximately $40,000. Sanctuary Advisors LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the second quarter valued at approximately $44,000. Grimes & Company Inc. purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the third quarter valued at approximately $47,000. Finally, StoneX Group Inc. purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the first quarter valued at approximately $49,000.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of GGN traded down $0.03 during mid-day trading on Thursday, hitting $4.37. 325,840 shares of the company’s stock were exchanged, compared to its average volume of 399,595. GAMCO Global Gold, Natural Resources & Income Trust has a fifty-two week low of $3.54 and a fifty-two week high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.24%.

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.