Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Decreases By 87.1%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 20,700 shares, a drop of 87.1% from the November 15th total of 160,500 shares. Based on an average trading volume of 448,600 shares, the days-to-cover ratio is currently 0.0 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of GGN stock traded up $0.04 during trading hours on Wednesday, hitting $4.10. 350,519 shares of the company were exchanged, compared to its average volume of 415,411. GAMCO Global Gold, Natural Resources & Income Trust has a 52-week low of $3.66 and a 52-week high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Monday, March 17th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter worth approximately $1,715,000. Concourse Financial Group Securities Inc. lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 117.8% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 38,830 shares of the investment management company’s stock worth $157,000 after buying an additional 21,000 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 7.0% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 122,133 shares of the investment management company’s stock worth $495,000 after acquiring an additional 8,003 shares during the period. Cetera Advisors LLC boosted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 35.4% during the 1st quarter. Cetera Advisors LLC now owns 74,319 shares of the investment management company’s stock valued at $287,000 after purchasing an additional 19,418 shares in the last quarter. Finally, Capital Market Strategies LLC boosted its position in GAMCO Global Gold, Natural Resources & Income Trust by 9.5% during the 3rd quarter. Capital Market Strategies LLC now owns 28,851 shares of the investment management company’s stock valued at $123,000 after acquiring an additional 2,500 shares in 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.