GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 309.9% in December

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 165,600 shares, an increase of 309.9% from the December 15th total of 40,400 shares. Based on an average daily volume of 531,400 shares, the days-to-cover ratio is presently 0.3 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

GAMCO Global Gold, Natural Resources & Income Trust stock traded up $0.03 during trading on Monday, reaching $3.99. The company had a trading volume of 516,971 shares, compared to its average volume of 482,639. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $3.66 and a 12-month high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 16th will be issued a $0.03 dividend. The ex-dividend date is Thursday, January 16th. This represents a $0.36 dividend on an annualized basis and a yield of 9.02%.

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

A number of institutional investors have recently bought and sold shares of GGN. Capital Market Strategies LLC grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 50.4% during the fourth quarter. Capital Market Strategies LLC now owns 43,402 shares of the investment management company’s stock worth $164,000 after buying an additional 14,551 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $56,000. Discipline Wealth Solutions LLC purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $184,000. Stifel Financial Corp grew its stake in GAMCO Global Gold, Natural Resources & Income Trust by 3.4% during the third quarter. Stifel Financial Corp now owns 254,619 shares of the investment management company’s stock worth $1,090,000 after buying an additional 8,423 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $52,000.

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.