Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Drops By 26.3%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGNGet Rating) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 34,700 shares, a decrease of 26.3% from the March 15th total of 47,100 shares. Based on an average daily volume of 790,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Detalus Advisors LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth about $38,000. AE Wealth Management LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at about $40,000. Level Four Advisory Services LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at about $45,000. Hendershot Investments Inc. bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at about $46,000. Finally, Moors & Cabot Inc. bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter valued at about $51,000.

GAMCO Global Gold, Natural Resources & Income Trust stock traded down $0.01 during mid-day trading on Friday, reaching $4.06. 462,699 shares of the company’s stock traded hands, compared to its average volume of 770,411. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $3.54 and a 12-month high of $4.32.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Wednesday, June 15th will be paid a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 8.87%. The ex-dividend date is Tuesday, June 14th.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile (Get Rating)

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.

Featured Stories

Receive News & Ratings for GAMCO Global Gold Natural Resources & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAMCO Global Gold Natural Resources & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.