GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 5.9% in October

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 252,900 shares, a growth of 5.9% from the October 15th total of 238,700 shares. Based on an average daily trading volume, of 425,200 shares, the short-interest ratio is presently 0.6 days.

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

Several institutional investors have recently bought and sold shares of GGN. Atlas Private Wealth Advisors bought a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 2nd quarter worth about $37,000. Envestnet Asset Management Inc. purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 2nd quarter worth about $38,000. L. Roy Papp & Associates LLP bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 3rd quarter valued at about $39,000. PFG Investments LLC purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 2nd quarter valued at about $41,000. Finally, Coastal Investment Advisors Inc. bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the 2nd quarter worth approximately $42,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of GGN stock opened at $3.66 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $3.43 and a 52 week high of $3.91.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 15th will be issued a $0.03 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.84%.

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.