Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Decreases By 11.8%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 85,700 shares, a drop of 11.8% from the May 31st total of 97,200 shares. Based on an average daily trading volume, of 451,200 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GGN. Choreo LLC acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at approximately $42,000. StoneX Group Inc. acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 1st quarter valued at approximately $49,000. Mitchell Sinkler & Starr PA acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at approximately $52,000. Forte Capital LLC ADV acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter valued at approximately $61,000. Finally, Capital Market Strategies LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 26.5% during the 4th quarter. Capital Market Strategies LLC now owns 23,875 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 5,000 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of NYSEAMERICAN GGN opened at $4.04 on Wednesday. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $3.51 and a 1 year high of $4.17.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 17th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $0.36 dividend on an annualized basis and a yield of 8.91%.

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.