Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Grows By 30.4%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 99,100 shares, a growth of 30.4% from the July 31st total of 76,000 shares. Based on an average trading volume of 406,300 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 168.4% during the first quarter. Bank of Montreal Can now owns 203,911 shares of the investment management company’s stock worth $870,000 after purchasing an additional 127,936 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 24.0% during the 1st quarter. Cibc World Market Inc. now owns 17,759 shares of the investment management company’s stock worth $72,000 after buying an additional 3,433 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter valued at approximately $102,000. UBS Group AG boosted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 51.5% in the first quarter. UBS Group AG now owns 172,859 shares of the investment management company’s stock valued at $697,000 after buying an additional 58,748 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in GAMCO Global Gold, Natural Resources & Income Trust during the first quarter worth $375,000.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 0.3 %

NYSEAMERICAN:GGN traded up $0.01 during trading hours on Wednesday, reaching $3.80. 183,703 shares of the company’s stock were exchanged, compared to its average volume of 487,528. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $3.06 and a 1-year high of $3.91.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 15th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.47%. The ex-dividend date is Tuesday, November 14th.

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.