GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Sees Large Growth in Short Interest

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 40,400 shares, an increase of 95.2% from the November 30th total of 20,700 shares. Based on an average daily trading volume, of 487,000 shares, the short-interest ratio is currently 0.1 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

Shares of NYSEAMERICAN:GGN traded down $0.01 on Friday, hitting $3.84. 444,485 shares of the company traded hands, compared to its average volume of 428,440. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $3.66 and a 52 week high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $0.36 dividend on an annualized basis and a yield of 9.38%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter worth $56,000. Discipline Wealth Solutions LLC purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the third quarter valued at $184,000. Stifel Financial Corp increased its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 3.4% in the 3rd 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 in the last quarter. Captrust Financial Advisors purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter worth about $52,000. Finally, Cornerstone Advisors LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust during the 3rd quarter valued at about $73,000.

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.