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 recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 165,600 shares, a growth of 309.9% from the December 31st total of 40,400 shares. Based on an average trading volume of 531,400 shares, the short-interest ratio is presently 0.3 days.

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

A number of large investors have recently modified their holdings of GGN. Concourse Financial Group Securities Inc. increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 6.1% during the third quarter. Concourse Financial Group Securities Inc. now owns 41,180 shares of the investment management company’s stock valued at $176,000 after buying an additional 2,350 shares during the period. 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. Truist Financial Corp increased its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 4.2% in the 2nd quarter. Truist Financial Corp now owns 66,052 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 2,654 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 5.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 79,811 shares of the investment management company’s stock worth $301,000 after acquiring an additional 4,026 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 4.8% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 128,032 shares of the investment management company’s stock worth $548,000 after purchasing an additional 5,899 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of NYSEAMERICAN GGN remained flat at $4.01 during mid-day trading on Tuesday. 317,689 shares of the stock were exchanged, compared to its average volume of 476,023. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date of this dividend is Thursday, February 13th.

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.