GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Sees Significant Increase in Short Interest

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 38,800 shares, a growth of 92.1% from the November 15th total of 20,200 shares. Based on an average trading volume of 40,700 shares, the days-to-cover ratio is presently 1.0 days.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

Shares of NYSE GNT traded up $0.02 during trading on Friday, hitting $5.85. The stock had a trading volume of 13,690 shares, compared to its average volume of 40,683. The firm has a fifty day moving average of $5.86 and a two-hundred day moving average of $5.72. GAMCO Natural Resources, Gold & Income Trust has a 12 month low of $4.79 and a 12 month high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 8.21%.

Hedge Funds Weigh In On GAMCO Natural Resources, Gold & Income Trust

Hedge funds have recently modified their holdings of the company. Stephens Inc. AR increased its stake in shares of GAMCO Natural Resources, Gold & Income Trust by 21.9% during the 3rd quarter. Stephens Inc. AR now owns 13,210 shares of the investment management company’s stock worth $78,000 after purchasing an additional 2,375 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of GAMCO Natural Resources, Gold & Income Trust by 134.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 17,590 shares of the investment management company’s stock worth $97,000 after purchasing an additional 10,095 shares during the period. Quarry LP purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the third quarter worth $151,000. Chevy Chase Trust Holdings LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the third quarter worth $176,000. Finally, Oxbow Advisors LLC bought a new stake in GAMCO Natural Resources, Gold & Income Trust during the third quarter valued at $226,000.

GAMCO Natural Resources, Gold & Income Trust Company Profile

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.