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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a large 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 trading volume, of 376,300 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth about $34,000. Atlas Private Wealth Advisors bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 2nd quarter valued at about $40,000. Sanctuary Advisors LLC purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the second quarter worth about $44,000. Grimes & Company Inc. bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter worth approximately $47,000. Finally, WestHill Financial Advisors Inc. bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the third quarter worth approximately $52,000.

GAMCO Global Gold, Natural Resources & Income Trust Trading Down 0.7 %

Shares of NYSEAMERICAN GGN traded down $0.03 during mid-day trading on Thursday, hitting $4.37. The company had a trading volume of 325,840 shares, compared to its average volume of 399,595. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $3.54 and a 1 year high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 8.24%. The ex-dividend date is Thursday, November 14th.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

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.