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

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 153,900 shares, an increase of 37.0% from the February 13th total of 112,300 shares. Based on an average trading volume of 534,800 shares, the short-interest ratio is presently 0.3 days.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

NYSEAMERICAN:GGN traded up $0.04 during mid-day trading on Monday, hitting $4.24. 791,977 shares of the company traded hands, compared to its average volume of 451,057. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $3.75 and a one year high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.49%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Formidable Asset Management LLC boosted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 1.3% in the 4th quarter. Formidable Asset Management LLC now owns 1,816,056 shares of the investment management company’s stock worth $6,847,000 after buying an additional 22,583 shares during the period. Sovran Advisors LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth about $4,047,000. Commonwealth Equity Services LLC grew its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 666,959 shares of the investment management company’s stock worth $2,514,000 after purchasing an additional 41,687 shares in the last quarter. Bank of America Corp DE raised its stake in GAMCO Global Gold, Natural Resources & Income Trust by 1.7% during the 4th quarter. Bank of America Corp DE now owns 649,865 shares of the investment management company’s stock valued at $2,450,000 after purchasing an additional 10,868 shares during the period. Finally, LPL Financial LLC lifted its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 1.6% in the 4th quarter. LPL Financial LLC now owns 449,419 shares of the investment management company’s stock worth $1,694,000 after purchasing an additional 7,087 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.